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A Farm Futures retrospective traces how corn and soybean prices climbed from the lows of May 2020, when corn struggled above $3 and soybeans above $8, to about $6 corn and $14.50 soybeans. The rally followed a shift from forecast surpluses to tighter supplies and heavy speculative buying.
The surplus-to-shortage shift explains why feed grain and oilseed prices carry a firm bullish trend into spring 2021. Buyers should expect costs to stay elevated unless supplies loosen.
farmprogress.comBryce KnorrApr 20, 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.
