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Midweek Markets: Could soybean prices top $10?

Catch up on our latest round of market analysis, including weather rallies, U.S.-China relations, outside market influences and more

Ben Potter, Senior editor

September 3, 2020

1 Min Read
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Grain prices have found legitimate traction over the past several weeks. Corn prices firmed by around 11% since the first of August, while soybean futures climbed well above $9 per bushel in the past two weeks.

The forward momentum has been in large part to a weather rally, but that rally appears to have fizzled out. It’s likely that traders will now await fresh supply and demand from USDA’s September World Agricultural Supply and Demand Estimates (WASDE) report, which will be released next Friday.

What will it take for grain prices to climb even higher moving forward? We talk through the latest opportunities and obstacles that are currently in play.

Listen to the latest Midweek Markets podcast for September 3, 2020:

Farm Futures Market Update · 090320midwestmarketpodcast

 

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.

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