In the most recent crop report, USDA forecast a record 50 bushels per acre spring wheat crop for North Dakota. Diversified Services Marketing Group senior risk analyst Rich Morrison participated in the Ihry Insurance Pre-Harvest Marketing Meeting at Hillsboro and questioned that record forecast. “A record sounds like it may be a little bit iffy at this point.” Morrison says there is a large carry in this wheat market. “There’s some opportunities to store and forward sell into next spring and summer. We’re able to see some upside in the market, but also forward sell and lock in the carry.”
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