The Northern Plains corn producer could be impacted more by lower ethanol demand that Midwestern farmers. “As we see plants going offline because of poor profit margins, the net impact will be a wide basis,” said Bob Utterback, president, Utterback Marketing. “There will be some hard decisions for the western corn producer to make if they have too much inventory and have to sell off the combine.” Farmers should be prepared to make tough decisions. “This is a year where I’d want to be selling on a timely basis. You’re going to hate every sale you make, but hopefully the sales improve each time,” explained Utterback. “By the summer of 2022, I think things will be coming back, but I will take that long to recover.”
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