WINNIPEG,(MarketsFarm) – Prices on the Chicago Board of Trade likely have hit their lows for the year, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities in Lake Barrington, Ill.
“There’s a lot of cards finally in the bull’s hand instead of the bear’s hand,” Capinegro commented.
He said this year’s harvest will be a long one due to weather issues and crops being late in maturing. He also expects production in North and South Dakota to be lost due to recent snow and rain.
