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Latin America
As Supply Dwindles, Surging Soybean Market Poised to Steal Spotlight from King Corn
Mon Apr 09 11:51:00 CDT 2012 CT
Related Keywords: Agriculture, Product Information, Market Fundamentals, Economy Topics
Related Keywords: Agriculture, Product Information, Market Fundamentals, Economy Topics
More Upside Price Potential for Soybeans
For over a year, corn has reigned as unofficial king of agricultural commodity futures markets, dominating headlines and drawing a flood of speculator money amid record-high prices and concern over dwindling global supplies.
More recently, soybeans, the second biggest and most valuable U.S. crop after corn, appear poised to grab the spotlight as another growing season gets underway. Soybean futures traded on CME Group have surged nearly 30 percent since mid-December, reflecting hot and dry weather that hurt crops in Argentina and Brazil. Corn futures rose about 14 percent during that period.
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