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Exports, production and energy policy could move corn, soybean prices

An ag economist sees several factors driving corn and soybean prices over the next few months.

Dr. Megan Roberts with Compeer Financial says recent price fluctuations make it difficult to predict how the market will move.

“So certainly yields and production (will factor into prices). We are, as a nation according to the last USDA crop progress report, right on track for corn and soybean harvest. However, in the Upper Midwest it feels like we’re a little bit slower.”

She tells Brownfield exports, South American production, and energy policy are also in the mix.

“And oil, which on the input side is certainly impacting some of our cost break-even projections, also has a relationship with our corn and soybean markets. So a lot of things could move these price expectations.”

She says on exports it will be interesting to see what comes of the recent U.S. China trade meeting.

Roberts made these comments during an upcoming Compeer Financial Economic Minute Podcast, a client partnership with Brownfield Ag News.