Despite the decent weather and growing conditions in South America, there are still concerns about the adverse effect of a La Nina as winter progresses. This concern is expected to keep U.S. soybean prices stronger until more is known about La Nina’s impact on the South American crop. “Globally, this time of the year if there’s a La Nina in place, it tends to, at some point during winter, put stress on the crops,” says Tim Marsh, market analyst, Summit Commodities. “While things look good in South America now, I expect some time in the next few months, there will be a scare in the market.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.