News

History could be on side of higher grain prices

Soybean
Grains, Cereal & Legumes
Market & Price Trends
Published Feb 24, 2024

Tridge summary

Ed Usset, a grain market economist at the University of Minnesota, believes that grain prices could potentially rise despite the current market downturn. His analysis of the past 20 years shows that corn and soybean cash prices have only peaked in January three and four times respectively, indicating that prices often increase in the April to June period. However, he is uncertain about what could trigger a market uplift this year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

History could be on the side of higher grain prices as the market slide continues. University of Minnesota grain market economist Ed Usset says over the past 20 years, a yearly high for corn prices set in January has occurred only three times with new crop futures. “A little more often in the soybean world, cash prices also just four times have we set the high in January. That means 16 to 17 years we’ve found a way to go higher in the April, May, June period.” He tells Brownfield he’s not sure what might lift the market. “I ...
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