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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."
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Houston, we have a problem with Canola + Screwworm in U S Cattle!

Video: Houston, we have a problem with Canola + Screwworm in U S Cattle!


A wet weather forecast for the Canadian Prairies this weekend into next week could result in flooded just planted acres plus unseeded canola acres!
New screwworm detected in Texas could devastate the tight U.S. cattle herd.
U.S. $ Index breaking above $100 while the CDN $ breaking below 72 cents.
Bitcoin once a rising star is back to testing support at 60,000 and the 200-DMA at 61.989.
Broadcom revenue disappointment set off a rotation out of tech stocks ruining the AI party.
Looks like tough times for negotiating CUSMA as the deadline for July 1 will come and go.
Short-term weather forecast remains non-threatening with a warm/wet forecast but long-term looks hot/dry for July/August/Sept for U.S. corn belt.
+ CFTC.