A Cargill official is optimistic about soybean prices as recovery from COVID-19 continues. Joe Stone is Cargill’s Vice President of the agricultural supply chain. He says, “When things begin to ramp up, at least we see at Cargill a lot of pent-up demand. You know, a lot of us do want to get back on the plane. A lot of us do want to go out to eat at restaurants, and I think it’s likely that we see a bit more inflation than we’ve seen in quite a while.”
Stone says there are reasons to be optimistic because of demand-driven soybean markets, which tend to last longer than supply-driven markets… and right now, both are strong.
