Projections are showing higher supply of corn and soybean for the next marketing year and driving corn and soybean prices lower. MinnStar Bank Senior Vice President Kent Thiesse says demand may not keep up. Spring planting progress throughout the corn belt does not seem to be helping prices. “Much of the corn belt has been ahead of normal. Even the northern corn belt of northwest Minnesota and North Dakota are catching up.” Outside of a major weather event, Thiesse says we may not see the normal price rally we usually do in the late spring or early summer. “Of course the big wild card is if drought were to start to develop.”
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