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Weekly Farm
Price Oulook
(This U the way prospects for Virginia farm prices looked to the Virginia Dept, of Agriclutnre on Friday. The Department offers it to farmers with the warning that no one can predict prices and be right all the time.)
Soybeans
With the Maritime strike virtually settled, and demand for export holding strong, a continued seasonal rise in soybean prices may be expected.
National stocks of soybeans on and off farms as of January 1 stood at 53 million bushels, up one per cent from last year. Disappearance is at a faster rate than last year. We went into the 1962 crop season with a supply 7 per cent larger than a year earlier, but because of increased crushings, increased export and apparent greater demand for end products, movement has been brisk. The seasonal increase has been greater than usual and
should continue, since prices generally do not peak until April or May. Prices: Richmond area, $2.55; Petersburg, $2.59; Northern Neck, $2.44-$2.53; Norfolk, $2.55-$2.62.
Corn Look for minor fluctuations in corn prices, with a general trend on the plus side. Indications are that prices certainly will not go much below the present level for a while. They have been slowly easing upward. Last October’s total supply
85.3%