Low crop stockpiles could spark rally
Corn and soybean prices hit a lull in recent weeks following a surprising harvest rally, but markets could turn higher again as supplies dwindle and demand remains strong, market analyst Joe Kerns said last week during an Iowa Farm Bureau Federation (IFBF) webinar.
“I think we’re going to have some great opportunities in these markets,” Kerns said in the second of three webinars held as part of IFBF’s 2020 virtual annual meeting. “In a year of ‘I didn’t see that coming,’ there is more change.”
While that’s good news for crop producers, he said livestock farmers should hedge their feed costs.
“For three years, I’ve been telling livestock producers ...
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