Analyst remains optimistic about price recovery
A market analyst is hopeful grain prices have bottomed out and will move upward this year.
The president of IntelliFARM, Brian Voth, said politics, trade and weather will be key factors in grain markets this coming year.
“Particularly with the U.S., the trade war and implications that has on soybeans and the spillover effect to corn, to wheat, to canola,” Voth said. “But again, a lot of this stuff is priced into the market so going forward I think the fundamental side will start to move a little more. The political stuff is becoming more background noise.”
Voth said the weather in Brazil is hot and dry and that will mean a decline in soybean production.