A MOUSE AMONG ELEPHANTS
It’s often said that weather and government policy are the two biggest influences on grain prices. Weather obviously drives the supply side of the equation. And, as with most industries, government policy permeates all aspects of agriculture. Often, this shows up in subtle ways, like when crop insurance levels, transportation policy or biofuel mandates affect decision-making and prices. More dramatic market impacts are felt when, for example, a foreign government suddenly closes its door on Canadian grain.