Grain prices drop as the 2017 harvest becomes more assured.
Corn and soybean yields are large and the corn market keeps bouncing against contract lows. Soybeans may have more upside due to exports, but South America has had large crops and is planting another one during their spring season.
Steve Hyde works for CHS Hedging. Hyde began at the Kansas City Board of Trade 40 years ago and worked his way through the industry. He states the current plight of growers and options to gain more profitability.