Markets - General
The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014.
Clinton Griffiths talks with market experts to dive into how these global events will impact the agricultural markets and more.
Combined corn and soybean area is forecast at 180 million acres, below the historical high of 180.6 million planted in 2021.
The world changed quickly over the last days, requiring a reassessment and perhaps “reset” in thinking.
South America is still in the driver’s seat when it comes to commodity prices. March soybeans traded above $16 Friday, as traders will be keeping close eye on key figures coming from USDA’s Ag Outlook Forum next week.
Brazil slashed its soybean forecast this week, while China’s hunger for U.S. soybeans seems to be growing. And it led to soybean prices continuing to surge higher this week.
That is not an efficient way to collect and process information — it’s likely to leave you dazed, confused and unable to even make a decision. Here is my advice.
Dry conditions in South America continue to damage crop potential.
Chicago soybean futures jumped more than 1% on Monday to their highest since June on concerns over supplies from South America and strong demand from China.