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.

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4PM est. @shaunhaney

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