Loading…
DTN analyst Darin Newsom said corn is roughly 50 to 60 cents overpriced in cash markets if USDA's September WASDE numbers hold. FarmFutures analyst Bryce Knorr noted higher Chinese soybean import forecasts and lower global soybean carryout for 2016 and 2017.
Both views were given at the Husker Harvest Days show.
Analyst views that corn is overpriced versus stocks-to-use suggest downside risk to feed corn prices, while stronger soybean demand supports soy and meal.
brownfieldagnews.comSep 13, 2017Not 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.
