A grain market analyst says prices might soften as harvest picks up but expects them to remain mostly steady.
Matt Bennett is co-founder of AgMarket.Net.
“I do kind of feel like maybe December corn can hold in the $5 level,” he said. “I’m not saying that I’m supper bullish but I’m probably supportive if you can get that low. November soybeans down in that $12.50 area, again I’d be probably pretty supportive.”
He tells Brownfield while Brazilian farmers are going to plant as many soybeans as possible and a lot of corn, dryness in South America is causing production concerns…
“And then when you look at U.S.