Farm Futures logo

Tight supplies and adverse weather may be enough to reach a new benchmark.

Ben Potter, Senior editor

April 15, 2021

1 Min Read
Midweek Markets with Jacqueline Holland and Ben Potter

With last Friday’s World Agricultural Supply and Demand Estimates (WASDE) report from USDA firmly in the rearview mirror, traders are once again focusing on spring weather. And Mother Nature hasn’t always been cooperative this past week.

Cooler-than-normal temperatures have descended on the Corn Belt in the U.S., and frost has hammered parts of Europe earlier this week. That adverse weather has helped firm grain prices in recent sessions. Along with tight supplies, weather conditions have helped soybean prices stay above $14 per bushel, with most wheat contracts trending above $6 per bushel.

And corn is moving tantalizingly close to $6 per bushel – a benchmark not seen since July 2013. Are there enough bullish factors in play to help push prices above that level?

We address that question and more in the latest Midweek Markets podcast.

Listen to the latest Midweek Markets podcast for April 15, 2021:

Farm Futures Market Update · 04 - 15 - 2021 MM PODCAST

 

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like