Al Kluis lays out the three reasons to be bullish this year.
Plan to use the three-step risk-management plan for 2018.
There is bad and good news for global demand: wheat demand is increasing by just 1% each year while soybean demand is increasing by 3% a year.
South America is now the largest producer and exporter of soybeans in the world. Brazil is very close to producing as many soybeans as the U.S.
Market analyst Al Kluis views production and usage numbers for corn and soybeans as positive in the long-term.
The patterns have changed in the last decade, says market analyst Al Kluis.
A long-term low is due in 2017, according to market analyst Al Kluis.
The international prices of corn and soybeans are at some of the lowest export prices in the last 10 years. That’s one reason Al Kluis is optimistic on export usage and prices for 2018.
Hot and dry in July can turn into really hot and really dry in late August. When the corn and soybean markets are moving higher, sometimes in August, they can really move.
This five-year grinding bear market has made it difficult for most farmers to turn an operating profit. When will prices and profits turn around?