A marketer and risk management specialist says opportunities are there now for making a profit on soybeans and corn.
Mike North with ever.ag tells Brownfield really strong demand for soybean meal has sent prices north of $400 a ton and soybean oil is also trading at multi-year highs. “Just under sixty cents, so crush plants are very profitable, really demanding soybeans, trying to run at full capacity, and that ultimately has put a bid under soybeans over the course of the last month.”
North says the South American weather has been a day-by-day discussion in the markets, with a drier report Tuesday moving corn and soybeans up followed by back-and-forth trading Wednesday with more precipitation in their weather forecast.
