Rabo AgriFinance predicts corn, soybean and wheat prices to
stay pressured over the next 10 years, assuming normal weather.
The lead author of their baseline outlook is Steve Nicholson who tells Brownfield Ag News, “Looking forward is not necessarily always a happy place.”
In the case of soybeans, he tells Brownfield their models assumed African Swine fever and the U.S./China trade war would remain, “Let’s say by magic and assume them away you potentially
could see prices at the farm gate, anything from about 2 to 2-dollars-and-50-cents
a bushel higher if those two market factors were gone away.”
For wheat and corn, the China trade war and ASF are not factors but oversupply is.
Continue reading Rabo AgriFinance sees 10 year pressure on crop prices at Brownfield Ag News.
