2023 Outlook

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We are pleased to announce the release of our 2023 Market Outlook which can be accessed in PDF at the bottom of this page.

2022 will go down in history as a year marked by war, inflation, and broad financial market duress. Most investors likely had a tough go of it this year with both stocks and bonds in the red and given significant volatility in commodities and other alternative markets. Renewed investor demand for alternatives resulted in record interest in our ETFs this year. We hope investors were able to properly utilize our products to help protect and/or increase, their personal purchasing power.

Looking ahead to 2023…

…we believe global grain markets are squarely in the 3rd stage of the “Golden Grain Cycle,” where farmers around the globe will again make the effort to increase production in hopes of selling their crops at these relatively high prices. If the weather cooperates and geopolitics stabilize, then we expect grain prices to trend lower to trade closer to production costs by the end of 2023.

Of course, unfavorable weather and increased geopolitical tensions could help push grain prices higher as well. Either way, tight corn and soybean balance sheets suggest that grain markets will remain volatile during 2023.

Thank you for your confidence and for following along with us through 2022. We look forward to the opportunity to help you navigate your way through 2023.

For ongoing grain market commentary and analysis please follow us on Twitter @TeucriumETFs, connect with us on LinkedIn, and visit our website at: www.teucrium.com