The new year kicked off with a wave of fund liquidation in the grain and soy markets amid broader risk aversion as macroeconomic concerns built over surging Covid-19 infections in China. Corn and soybean traders ignored declining crop condition ratings and production potential in Argentina, as Brazil remained on pace to produce record crops. Economic impacts from China’s move away from its zero-Covid policy is just one of many key factors that will likely influence agriculture over the next year, along with progress on a new farm bill, China’s relations with Taiwan and the Russia/Ukraine war. We also take a look at some bigger-picture issues that could impact agriculture this year and beyond in this week’s News page 4 feature. We cover all of these items and much more in this week’s newsletter, which you can download here.
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