The slow planting pace in North Dakota has traders talking about prevent plant acres. “We definitely need warm, dry conditions,” said Brian Hoops, president, Midwest Market Solutions. “If we don’t see this in the next few weeks, I think we could see a rally in corn and soybeans. We’re already talking about prevent plant in areas like North Dakota if things don’t improve quickly.” Hoops expects prevent plant acres to increase in North Dakota, given the combination of the rapidly approaching final plant date and current corn prices.
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