Total Farm Marketing Senior Market Advisor Naomi Blohm says tight corn and soybean ending stocks should be supportive to U.S. commodity prices.
“We don’t have a reason to see prices race higher, they didn’t give us that information, but USDA also took away the reason why prices could crash and burn in the short-term.”
Blohm says the U.S. will also need to see an increase in corn and soybean acres this spring to build stocks.
