The August baseline report from FAPRI-MU takes into account
all that has happened since its March report to Congress, “We had, obviously,
the very heavy rainfall this spring that delayed plantings and is going to
result in a bit smaller crop than we’d been anticipating. African Swine Fever’s
worse than we expected and trade disputes have continued. So it’s not
surprising that those have all had a big impact on the markets.”
FAPRI director Pat Westhoff tells Brownfield that means
weaker demand for many crops than expected, “So even though our supplies are
down from what we thought they were going to be for the 2019 crop year we still
have prices that are pretty comparable to those that USDA’s projecting – pretty
much flat on both corn and soybeans relative to the crop harvest last fall.”
He says ASF in China and the potential for increased U.S.
Continue reading FAPRI August baseline – a lot has happened at Brownfield Ag News.
