The soybean cash market saw prices above $14 dollars a bushel last week.
Market analysts continue weighing factors contributing to the recent rally following years in which prices commonly dwelt below $10 dollars.
Dr. Rob Stark, an ag economist with the University of Arkansas, speaks with RFD-TV’s own Janet Adkison on the current trends, what is contributing to the rally, and how prices compare to last year’s.
According to Dr. Stark, “There are a lot of things that are occurring. Probably the dominant one is the amount of stock that we have both in the United States and globally. Our stocks in the United States has plunged from about over 900,000,000 bushels at the end of the 2018-2019 crop to where the ending stocks for 2021 crop is estimated to be perhaps as low as 140,000,000 bushels.”
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