What's Driving The Unprecedented Harvest Price Momentum Right Now?
By Tyne Morgan
Farm Journal
The harvest price momentum this fall has been unprecedented. Corn climbed above $4 this week, cotton prices topped 70 cents. That’s as farmers are also seeing $6 wheat on the board, and soybean prices push closer to $11.
“Obviously, we've gotten a bump from some very strong export sales, some beneficial weather in terms of some challenges down in Brazil and in Argentina, and then also weather impacts in Ukraine and Russia when it comes to wheat,” says. Aaron Smith, with the University of Tennessee Institute of Agriculture. “That's really propelled prices higher, at kind of an abnormal time.”