First Corn…Is SoyBeans Next???

Corn prices have been on an epic run. Now, soybeans could soon be catching up.Soybeans have trailed for a reason. In the U.S., the oilseed can be planted later in the spring than corn. Amid the heavy rains, some analysts had forecast that the weather would eventually clear and farmers would plant more soy. That would’ve meant bigger production at a time when demand is already suffering amid the U.S.-China trade war.The U.S. Department of Agriculture will update its plantings estimate June 28, but analysts and traders are already concerned the agency’s numbers will be too high and not fully

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

Add your Scripsio!

Join Scripsio and write what you write!
Be a part of the Scripsio community. Share what you have written.

Comments

No comments yet