Northstar Commodity Chief Analyst Mark Schultz says the early soybean yield reports coming into his office have been disappointing. “From Iowa to South Dakota into Minnesota, yields have been not as good as we’d like. As harvest continues, I think there will be more harvest pressure.” Schultz thinks grain prices will struggle to move sharply higher. “I’m not sure we’ll go sharply higher until we start seeing a soybean yield fall one-to-two bushels less than the books.”
