Loading…
Corn and soybean futures have risen substantially since early August, with the 2020 harvest contracts up about $1 and roughly $2 per bushel respectively. Deferred contracts have also climbed, with December 2021 corn just above $4 and November 2021 soybeans near $10.
The article argues that stock-to-use ratios imply lower prices than current levels.
Strong export demand for soybeans and rising ethanol-driven corn use support feed grain prices into next year. Higher grain costs will weigh on feedlot margins and lower what cattle feeders can pay for calves.
agproud.comNov 30, 2020Not enough comparable past events yet for a historical read.
Not 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.
