With the partial government shutdown, key USDA reports are not being released. Broker DuWayne Bosse of Bolt Marketing says the lack of information is a worry. “The one I’m missing the most is the Commitment of Traders Report; where are those funds at?” Bosse says the states that are at the edges of the corn production belt will have the biggest impact on acreage. The ‘I’ states will stick to their normal corn/soybean rotation. “Right now, I don’t think we’ve seen the change we need to have happen; this $4.02-priced corn isn’t enough to buy acres that corn needs.” In Bosse’s view, corn needs to get to $4.15-to-$4.20 per bushel to shift enough acres and balance the corn/soybean supply/demand situation.
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