In its ten-year market outlook, Rabo AgriFinance expects continued pressure for corn, soybeans and wheat. The analysis shows a 75 percent probability that soybean prices will remain under $9.60 per bushel. The lingering effects of African Swine Fever will be a drag on soybean prices. Corn and wheat prices will be pressured by an oversupply, flat domestic usage and increased global trade competition. Without any change in ethanol policy, Rabo AgriFinance predicts feed usage will overtake ethanol as the demand driver for corn.
