Simply Supply
08/14/2014 |
In 2012, in the midst of a terrible drought and skyrocketing demand from China, front-month wheat futures went as high as $9.35/bushel and soybeans for as much as $17.94/bushel. Today, a combination of flat demand and perfect weather have farmers expecting a record crop for both corn and soybeans. The downside: front-month corn futures are now at just $5.38/bushel and soybeans are at $12.92. Edemame and tofu for everyone!