TITLE

Large crops weigh on corn, soybeans

AUTHOR(S)
Robinson, Elton
PUB. DATE
November 2004
SOURCE
Southeast Farm Press;11/17/2004, Vol. 31 Issue 26, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that this year's U.S. corn and soybean crops look like winners on all counts except price direction. According to market analyst Roger Knapp, corn production in 2004 won all four indicators of yield in the Midwest, early planting, rainfall and temperature in July, rainfall and temperature in August and temperature in September. However, one not-so-bright result of the large crop is "the forecast for a record high for corn ending stocks, 1.7 billion bushels. Knapp says the function of the corn market is to keep prices low enough, long enough to find some increased usage.
ACCESSION #
15110082

 

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