Here’s another 2009 market outlook. It’s from Agriweek, which is a weekly newsletter (there’s a daily version too) published in Winnipeg. It calls itself “Canada’s Agribusiness Authority Since 1967.”
Each year the publication does a forecast for the year to come. This one is 16 pages long, but I’ll give you one paragraph from it verbatim, and if you are interested in the publication, go to their webpage at www.agriweek.com.
“Compared to late 2008, there is a high probability that crop prices will rise strongly during the first quarter of 2009 as the market assesses acreage distribution in the U.S. Â Over the medium (and long) term there is not sufficient land available in the U.S. to produce surplus amounts of any crop without inducing shortages in others. Though the relationship between the prices of different crop classes may change, there is little prospect for a further general decline in crop prices from late 2008 levels. On the contrary prices could again increase sharply if it appears that U.S. planted acreage of one or both of corn and soybeans may not be adequate.”
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