The global economy continues to be quite tentative. The situation with Greece and the implications for the eurozone as well as the slow recoveries in North American markets and elsewhere have investors walking on eggshells. Agriculture doesn’t seem to be exempt from that vulnerability either. Markets have been quite volatile, with commodity prices bouncing up and down subject to a host of outside influences. Those influences involve everything from weather to speculation on the pace of growth in China. It doesn’t matter where you are, things are touchy.
It really seems though that farmers and market analysts are scratching their heads with what direction each of the major commodities my move this summer. Corn, Soybeans, Wheat and Canola all have justifications to go up or down or both through the summer months.
If you cannot see the embedded video below click here.