Northstar Commodity Chief Analyst Mark Schultz thinks it will take some major production problems to push soybeans much above $14. “We’ve probably have taken off maybe 5 million or 6 million metric tons off the Brazil crop, but if you’re gonna start talking about beans going into the $14.50 (per bushel) price level or higher in the futures, you’re going to have to see 10-to-15 million metric tons taken off the crop.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.