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Optimism surrounds second half of 2023

A grain analyst is expecting 2023 to be a launching pad for marketing opportunities.

Todd Goll with Chicago-based Merex tells Brownfield continuous interest rake hikes makes this year appear to be tough for grain markets, but he’s optimistic about the second half.

“There are some positive signs out there as we get into the end of the year,” he says.  “There’s going to be a lot of bumps and bruises along the way, but 2023 could be the fulcrum year as kind of moving forward.”

He’s watching for when the rate hikes finish.

“That’s still in flux,” he says.  “It looks like we’re going to get to a point where that’s going to abate at some point in the first half of this year.”

Goll also says the impact of China’s economy reopening and the continuing war in Ukraine are likely to be beneficial for exports.