Soybean crop for 2020 off to a good start, should have high yields
The 2020 soybean crop is off to a good start and experts think high yields are in store. However, the relationship between the U.S. and China is still one concern.
Economists will watch it closely as fall harvest approaches, plus Brazil expects a record crop, thus igniting competition out of South America. Ag economist, Todd Hobbs says that farmers should look for small price rallies.
“We saw that seasonal price rally, we talked about it a couple of weeks ago,” he said. “It came through for us and it was a beautiful thing. I think uncertainty around the pandemic and the export market is going to stay with us for the rest of the year.”