North Dakota State University Extension crops economist Frayne Olson says farmers need to set realistic market expectations. “The conditions we’re in for both corn and soybeans right now are very different from 2012,” said Olson. “There are people making comparisons that if we have a small enough crop we could see prices go wild. The domestic and global conditions are different from what we saw before. There will be opportunity, but we won’t see the highs we saw at that time.” As farmers prepare for the harvest season, Olson says soybean basis levels have begun to slip.
