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

2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
Crude oil breaking lower technically on news of a peace deal with Iran.
Elon Musk is now a trillionaire with the debut of the SpaceX IPO today!
Markets pricing in a 2026 U.S. corn yield at 187 bpa with the worst start to June in 50+ years on non-threatening weather that remains a “wild card".
El Nino has arrived according to CPC.
U.S. wholesale Gulf urea prices plunged 81.3%.
The spreading of screwworm in the U.S. is BULLISH cattle long-term.
+ CFTC fund flow.