AFBF Econ Team Delivers February 2017 Crop Market Update

In his latest crop market report, Record Crop Consumption Could Move Even Higher, AFBF economist John Newton notes that USDA’s projections for increased corn and soybean consumption could give farmers a boost.

A more rapid pace of consumption would imply that ending stocks for new crop corn and soybeans could ultimately be lower and would provide a bullish undertone for prices in advance of the 2017/18 planting season and during this key crop insurance spring price discovery period.

Also in this month’s report, Newton delves into corn and soybean export projections.

Download the full February 2017 Crop Market Update Below

February 2017 Crop Market Update