The Ugly Period of Agriculture is Behind Us, Analyst says
By Ray Grabanski, Successful Farming
The soybean market has run to two-year highs on weekly charts at $9.60, quite a turnaround from earlier this year when we had our pandemic free fall into April.
The grain markets haven’t had the same recovery as stocks (which are near all-time highs), but since the Aug. 12 report, it has also been quite a recovery.
Corn is also at postpandemic highs, rallying to the summer high of $3.60 Dec futures before pausing this week. But a combination of factors is turning what, just a few weeks ago, was termed a bumper crop into an average crop, at best.