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Purdue University economist Nathan Thompson urged producers to start marketing new-crop corn and soybeans during a July 14 webinar. He cited December 2021 corn near $5.43 and November soybeans near $13.61, which he said are well above breakeven levels.
He also said there is a 20% chance December corn falls another $1.
Advice to forward-sell new-crop corn and soybeans at current levels could add hedging pressure on deferred futures, while the stated downside risk points to possible price weakness.
agrinews-pubs.comErica QuinlanJul 27, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
