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Recent soybean price strength, driven by prolonged dryness in Argentina, is prompting some US farmers to add soybean acres. Private estimates suggest US soybean acreage could surpass corn for the first time in 2018.
Expected higher soybean plantings would increase future US supply and could cap prices, while a shift away from corn could affect corn balance sheets.
brownfieldagnews.comMark DorenkampFeb 21, 2018Not 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.
