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Soybean prices stronger than anticipated by FAPRI

Oct 13, 2017, 15:49 PM by System

Soybean prices are stronger than what FAPRI-MU anticipated in its late August report. That’s when the Food & Ag Policy Research Institute projected significantly more corn to be planted in 2018, “At that time, it appeared likely to us that relative prices would have encouraged a shift back in that direction.”

FAPRI-MU director Pat Westhoff tells Brownfield relative prices of soybeans and corn today in the cash market are still giving a relatively strong signal to keep planting soybeans, “We look ahead to 2018 futures, on the other hand, the ratio there is back down to a more neutral level.

Continue reading Soybean prices stronger than anticipated by FAPRI at Brownfield Ag News.

     

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