Economist: Corn, soybean demand improving

Lower South American production forecasts contribute to prospects for increasing U.S. crop exports.

A number of factors have contributed to the recent price rally in soybeans and, to some extent, corn, according to University of Illinois agricultural economist Darrel Good.

The most recent support came from the U.S. Department of Agriculture’s May “World Agricultural Supply & Demand Estimates” (WASDE) report. As expected, Good said the report contained smaller forecasts for South American corn and soyb

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