The late developing crop and trade with China garnered attention during the market outlook seminar at the Big Iron Farm Show. In this type of market environment, analysts think there could be some better prices to come in this fall and winter. “That’s something farmers should consider dialing in to their marketing plan moving forward,” said Mike Zuzolo of Global Commodity Analytics. While opportunities may arise, Advancing Trading risk management adviser Tommy Grisafi said farmers will also need the bushels. “If we get a frost next week, price won’t be as important as the bushels.” Northland Community and Technical College farm business management instructor Betsy Jensen wrapped up the conversation saying, “No one is willing to put a bet on China. There are still so many unknowns as to when trade talks will be resolved.” A recording of the session can be found here.
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