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corn & soybean prices hit ~4-year lows on heavy supply outlook.

(Jul 03, 2024)
corn & soybean prices hit ~4-year lows on heavy supply outlook. Stocks burdensome- USDA June 1 corn stocks @ 4-year high of 4.99 bil bu with 61% held on farms (most since '99). Soy stocks @ 970 mil bu, up +22% Y/Y, also saw 48% on farms (most since '06).
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.
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