Corn and Soybean Market Outlook - Moe Agostino, Farms.com

With harvest in the United States underway and off to a very slow start due to rain,  there is a lot  of discussion regarding the grain and oilseed market outlook.  There has been many factors to consider:

  • Struggling hog and beef sectors could hurt feed grain demand
  • In the US, initial corn yields look very good
  • Ethanol industry has recovered somewhat and demand for feed grains should increase with rising oil prices.
  • Some forecast are showing the carry out for soy could be virtually at zero by next summer if demand stays stable.
  • There has been some reports of soybean pod shattering in some regions. 

I asked Moe Agostino, Managing Commodity Strategist at Farms.com to break down some of these factors and provide some price target forecasts for me. 

Corn and Soybean Market Outlook – Moe Agostino, Farms.com – Oct 20, 2009
[audio:http://realagriculture.com/wp-content/uploads/2009/10/moe-agostino-Oct-20.mp3]

If you agree or disagree with Moe please leave you thoughts in the comment section.  Thanks.

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