Commodities
US Grain Prices Poised for Upswing into 2027 Amidst Acreage Battle
Market analyst Dan Basse at Ag Resource Company says that the declining stocks of corn, soybeans, and wheat could lead to higher prices for grain into 2027. The limited acreage available in the U.S. is contributing to this trend.
Basse highlights that soybeans have been a commodity to watch due to record crop sizes and increased demand, resulting in price risk. However, he suggests that producers can consider strategies to leave their upside potential open.
Looking ahead to November, Basse predicts that the mean bean market could drop to $12.50, while corn may have downside to $5.10 or $5 in December.