An ag economist says this week’s heat wave could add more volatility to commodity markets.
Dan O’Brien with K-State says soybeans are the most vulnerable since they’re in the reproductive stage and that could push prices higher. “If there’s significant risk of yields going from 50.9 bushels per acre down to 50 down to 49 something or 48 on less acres on the bean side, there’s less room to absorb much production cut back without having to ration usage.”
He tells Brownfield corn is a different story.
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