Given the circumstances of tight supplies and the recent government report, U.S. Commodities President Don Roose thinks it will become very difficult to source grain off farm the remainder of the year. “When you look at it, the average corn price is at $4 per bushel and $10.40 per bushel for the soybeans. The producer sees these numbers and the farmer isn’t anxious to sell corn too soon.” La Nina is another factor that may have farmers holding out for better prices. “It’s a dicey situation in southern Brazil and Argentina.”
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