An ag economist says while there is still a lot of volatility in the market, he does not think $16 soybeans are out of the question this year.

Guy Allen with the International Grains Program at Kansas State University says last week beans fell back below $14 but the market saw some recovery early this week.

“Looking back to when we had similar stocks/use in 2013, we saw beans above $16 and I don’t think that would be a surprise.”

But, he says a lot of volatility remains.

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