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Todd Hubbs, an University of Illinois agricultural economist, advises farmers to sell new-crop soybeans before the June 30 acreage report. He expects soybean prices to fall over the summer, while expecting corn to see larger upward moves due to lower planted acreage and replanting issues.
The advice follows the sharp soybean drop tied to Brazilian political news.
Expectations of lower summer soybean prices and stronger corn prices shift marketing decisions, with corn supported by acreage and planting problems.
iowaagribusinessradionetwork.comStaff EditorMay 24, 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.
