Three Things Driving Soybean Prices

By John Hart

Farm Progress

The size of the Brazilian crop, final yield numbers for the U.S. crop and prospects for demand as strong as last year remain key drivers for the soybean market moving forward.

Speaking at the Virginia Soybean Field Day at the Eastern Virginia Agricultural Research and Extension Center in Warsaw Sept. 23, Robert Harper, Virginia Farm Bureau Federation grain manager, said soybean prices today are at profitable levels for farmers, but the question remains will they stay there.

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