Todd Hultman of DTN is forecasting an average spot soybean price of US$13.50 per bushel for the year, with a range of $12 to $15.  |  File photo

Soybean prices have more upside than corn

SASKATOON — Todd Hultman is picking soybeans over corn in 2023-24. “If you want to hang onto one of them, soybeans definitely have the better bullish potential,” he told farmers attending the 2023 DTN Virtual Ag Summit. The United States Department of Agriculture is forecasting 245 million bushels of U.S. soybean ending stocks in 2023-24. […] Read more

U.S. winter wheat bounces back with rain

World wheat markets are closely following the condition of the winter wheat crop in Kansas, Oklahoma and Texas, which has received recent welcome rain. “There’s going to be a direct correlation between wheat prices and the state of the U.S. crop,” said Canadian Wheat Board market analyst Neil Townsend. If that crop somehow rebounds from […] Read more