Farms.com Home   News

Global Abundance of Grains and Oilseeds Hurts Markets

Harvest results have so far been outstanding in the US, says the director of marketing for CWB.
 
Neil Townsend says there have been some really strong yields on the corn front, while good results are also expected for soybeans.
 
Townsend says it will be very difficult to see any sustained upward movement in prices.
 
"Prices are pretty low right now," he said. "They might even struggle and go down a bit further when US harvest pressure really hits the market."
 
He adds there is lots of choice of who to buy grains and oilseeds from, especially for customers overseas.
 
Townsend adds that it is probably going to be a tough marketing year in 2014-2015 to really see prices rebound to where they were in the past few marketing years.
 

Trending Video

Agronomy & Autonomy - Drone Solutions for Agriculture with Pegasus Robotics

Video: Agronomy & Autonomy - Drone Solutions for Agriculture with Pegasus Robotics

Pegasus Robotics walks us through drone solutions for agriculture.

The XAG P100 Pro can carry 110 pounds in its dry hopper and can fly at 31 miles per hour. Its wet tank can hold 13.5 gallons (50 liters).

Pegasus Robotics is the exclusive XAG P100 Pro distributor for North America.

Watch to learn more about these drones and how it can help you on the farm!