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More market volatility expected


A market analyst expects more row crop price volatility.

Mike North with tells Brownfield the major shift in USDA’s soybean acres in the recent planted acreage report sent new crop prices skyrocketing towards fourteen dollars a bushel, but there was some correction. “Now interestingly enough, since that report, prices have fallen back with prices finishing Friday at $13.18, roughly.”

North says that big change in acres potentially cuts the 400-million bushel balance sheet the market thought they had to under 140 million bushels.

More market volatility expected