Urner Barry Releases March Soy & Wheat Protein Report
In January 2021 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.05/bu from December while average soybean prices rose $0.40/bu. March front month futures, have remained fairly steady with a slight reduction for CBOT wheat and slight increased for CBOT soybeans from February rates- preserving strength from diminishing global stocks and increased export pressures. In the February oil crops outlook report, the USDA raised its forecasts of 20/2021 soybean export expectations by...
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