CHS Hedging Director of Risk Consulting Services Kent Beadle is getting asked a lot of prevent plant questions at Farmfest. “Every question starts and ends with what ends on August 12. We’re very interested in that ourselves,” says Beadle. “We’re hopeful the National Agricultural Statistics Service and Farm Service Agency will provide some actual knowledge that the marketplace can use and embrace relative to how many acres are planted and how many aren’t.” Beadle says there is a lot of concern how the acreage numbers in Monday’s USDA report come out. “If a corn acre was planted for cover crop purposes, pulling that out and making sure it isn’t counted as a harvested acre. We ultimately believe there was a big shift in intentions around June 1.”
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