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Corn, Soybean Prices Continue to Retrace 2012 Drought Rally

2013-05-21 02:00:00| ThePigSite - Industry News

US - Corn and soybean prices rallied sharply beginning in July 2012 as US drought conditions unfolded. It was generally expected that prices would follow the pattern experienced in other "short crop" years, with prices peaking near harvest and then returning to pre-drought levels later in the marketing year. That pattern has generally unfolded, with some differences between corn and soybeans and between old crop and new crop prices, writes Darrel Good.

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