Grain prices make drastic turnaround

Brandon, Hembree
March 2004
Southeast Farm Press;3/17/2004, Vol. 31 Issue 9, p1
Trade Publication
Reports on improved grain prices in the U.S. as soybean prices hit a 10-year high. Lowest carryover levels of wheat and corn in recent years; Evidence of stagnant production, rising world consumption and increasing world trade; Positive effect on grain sales due to North American Free Trade Agreement (NAFTA); Major influence on demand in the world soybean market by China; Reduction in soybean production in South America due to torrential rains and outbreak of Asian rust.


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