Commodity prices, especially softs like corn and soybean, are expected to contract this year on lower demand and easing shipping rates, says the Economist Intelligence Unit. Yet, a marginal increase in supply is expected to keep prices level. Still, wildcards affecting grain prices would be supply challenges caused by the Russia-Ukraine war, climate change and the resulting drought that is disrupting production, and China’s reopening that could upend global demand and supply. America.
