AFBF Economist breaks down USDA’s Ag Outlook Forum
USDA’s annual Ag Outlook Forum kicked off this morning with the first look at supply and demand projections for the 2021 crop year.
American Farm Bureau Economist Shebly Myers speaks with RFD-TV’s own Christina Loren on the highlights, what it means for commodities ahead of planting, and some of the uncertainties.
“Corn and soybeans demand have just taken off and continued to increase to projected record levels and that is driving prices higher, and even in cotton, despite having higher prices, the return on corn and soybeans are just better and... you do see shifts away from cotton to go to corn and soybeans,” she explains.
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