Managing for Profit

Corn, soybean prices going opposite ways

An ag economist says when factoring production with consumption, the outlook for corn is much friendlier than for soybeans.

Following last week’s WASDE report, University of Illinois clinical assistant professor of agricultural commodity markets Todd Hubbs says consumption projections are helping shape price expectations for corn and soybeans in the 2017-2018 marketing year.

He tells Brownfield the overall trend for soybeans is down and flat to slightly higher for corn, and recommends making marketing decisions based on that.

 

 

 

 

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