Farms.com Home   News

Will Crop Prices Continue To Rise?

Canola and soybean prices have been on the rise as of late.
 
Dan Basse is president of AgResource Company in Chicago.
 
We asked Basse if he expects that trend to continue.
 
"We will see that continue if indeed there is a problem with South American crop sizes, either dry weather for Argentina or maybe a lower than expected yield for Brazil," he said. "At this point, China's made big purchases in the United States markets, we do have a new harvest coming forward in Brazil. I think you need be careful of being overly bullish up here, unless you have those crop problems."
Click here to see more...

Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.