NCI Market Update | Bill Tierney

The Northern Crops Institute (NCI) held the fifteenth installment of the Market Update Webinar Series on Wednesday, May 20th, 2021. The Market Updates continue to serve as one of the innovative ways NCI is fulfilling its mission. These updates were created to engage with past and present course participants, and to offer market insight to those professionals. Now the scope of this initiative has been broadened so that Market Updates are available to everyone.  By providing this pertinent information on various topics, NCI has fostered growth and learning all around the world. 

During this month's hour-long update, viewers are able to listen in and gain insight on the crop outlook for corn, soybeans, and wheat. Presenter Bill Tierney is the Chief Economist for AgResource Company. Bill has over 36 years of experience studying and working mainly as a global crop market analyst. 

Bill Tierney | Chief Economist for AgResource Company

Bill offered some great insight when it comes to market predictions for corn, soybean, and wheat

“That is, corn and soybeans crop prices are already approaching their record highs.  It is our expectation that they will match or exceed those highs sometime in the next 6 months. 

Moreover, it is our belief that some long-term structural changes are underway in the row crop markets and that prices will stay at an elevated level for the next 18-24 months.

Wheat price will get dragged higher following corn btu, at this time, when don’t anticipate conditions that would drive wheat prices up to the all-time highs.”

Check out the webinar series with Bill as he goes in depth about how he feels the market will turn when considering the weather, supply and demand, and our global competitors. 

For more information on our future market updates, short courses, or other educational experiences, please click here.