AgriBank says current price environment to continue

Current scenario does not support strong upward price moves for the upcoming season.

As El Niño gives way to La Niña, widespread wet weather is expected to be followed by drier conditions and warmer than normal temperatures. So what do El Niño and La Niña mean for corn, soybeans, wheat and rice producers?
 
A new report issued by AgriBank, the St. Paul-based Farm Credit Bank finds that during prior El Niño-to-La Niña periods, crop prices tended to spike in reaction to lower yields. However, for 2016, the normally favorable transition year most likely won’t offset

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