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US new-crop soybean prices are 25% higher than a year ago, at their highest early-February level since 2013. New-crop corn is at a seven-year high, up 15% from a year ago, and farmers are weighing planting options after the largest grains rally in years.
Strong new-crop prices encourage farmers to plant more soybeans and corn, which affects future feed supply. Buyers face elevated forward prices for both grains.
reuters.comMark WeinraubFeb 9, 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.
