Big South American Crops Pressure Price | an interview with Todd Hubbs

by Todd Hubbs
read the full article

Corn and soybean harvest future prices moved sharply lower after the release of the USDA March World Agricultural Supply and Demand Estimates report on March 9. December corn futures closed on March 10 at $3.87 per bushel, while November soybean futures moved down to close at $10.00 per bushel. Both prices closed at the lowest levels since late January. When combining the production forecasts for South America with projected changes in domestic use, the competition in export markets looks to be particularly tough for the next few months.

Popular posts from this blog

WILLAg IFES Post

2020 All Day Ag Outlook