Rural Issue

A rising price environment

The Spring of 2019 will be remembered as a historic year for rainfall as well as late planting. Years with similar weather, that also resulted in late planting (2013, 1995, 1993 and 1984), saw national yields that were well below pre-planting expectations.

The grain markets have rallied and prices have improved. UMB Bank’s Lance Albin says this could be a “black swan” type of event where markets might move considerably higher even from where we are today.

AUDIO: Lance Albin, senior credit officer, UMB Bank Agribusiness Division