Tight soybean stocks are pushing the market higher. NDSU Extension Crops Economist Frayne Olson is making that point in his crop market outlook. “If we look back to before the trade war began, a five-to-six percent carryover stock ratio was a very common number. Right now, the current USDA forecast is for a four-and-a-half percent carryover. On average, we’re going to have higher prices, but also a lot of price volatility.” Olson’s presentation is part of the Lake Region Extension Roundup video series. The live seminars will take place on Wednesday.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.