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Corn, soybean markets monitor planting weather

An ag economist says the markets haven’t been impacted by planting delays in parts of the Midwest.

University of Missouri’s Ben Brown says some areas have received a good amount of moisture over the last week. “People always want you to come out and say ‘we’re way behind and the market should be rallying.’ Don’t get me wrong, there’s a point in time where the market really starts to focus on that and it starts rallying quickly.”

He tells Brownfield, “I don’t know where that point it. We’re here at the end of April and certainly if we have another month of this then people will start getting concerned.”

Brown says weather forecasts can change quickly, and he expects any potential market reaction to the planting pace to come in two or three weeks.

He made his comments during Brownfield’s Weekly Commodity Market Update.