The combination of large production and trade disputes has an agriculture economist projecting pressure on soybeans in the foreseeable future. Gary Schnitkey at the University of Illinois says soybeans will be lower than the $9.75 they’ve averaged for the last few years.
“I would be betting on soybeans closer to $9 for the foreseeable future,” Schnitkey told Brownfield Ag News, “and I simply don’t see anything that’s going to take us up there unless we resolve this trade issue fairly quickly.”
There’s more optimism for corn prices, but Schnitkey says that could change in the next year.
Continue reading Production, trade disputes will keep soybean prices lower at Brownfield Ag News.
