Corn prices are above $7.50 per bushel, and soybean prices are near or above $16 per bushel. As prices stay elevated, will demand diminish? Time will tell, says Jerry Gulke, president of the Gulke Group.
Another Black Swan Could Swoop into the Fertilizer Market
Roughly 3,000 Canadian Pacific Railway Ltd. workers voted 96.7% in favor of going on strike starting March 16 if a collective bargaining agreement is not reached — which would mean trouble for fertilizer supply and shipments.
Brazil's Soybean Crop Takes Another Major Hit, AgResource Company Projects Crop to Fall Under 120 MMT
AgResource Company released the latest soybean crop production estimate for Brazil, showing a crop size of 119.5 MMT. A recent tour shows the weather took a major toll on the crop in south Brazil.
“Today, farmers could lock in $5 corn for the next four years,” says Dan Basse, president and CEO of AgResource Company. What is causing this bullish market? Basse points to the Russia-Ukraine conflict, "green" fuels and peak farmland acreage.
Chip Flory, Farm Journal economist; Chip Nellinger, Blue Reef Agri-Marketing; and Arlan Suderman, StoneX Group talk markets this weekend on U.S. Farm Report.
