Futures prices have been on the rise since the USDA released its latest crop report.
It has some analysts looking at if and how long the trend will continue. One such opinion says that cyclical models show the down point last summer, suggesting this will continue to play out for some time.
According to commodity analyst Dale Durcholz, “We’re going to see a broad shift in terms of commodity prices in general that will probably stay with us over the next two to three years, something like that.”
Some analysts say that the recent rallies have been demand led with gains tied to exports. Others suggest a tightened supply is the culprit.
