Corn prices continue to move higher. Martinson Ag Risk Management market analyst Randy Martinson says these are some of the highest prices corn has traded since the 2012 drought. “Getting up around $7, exporters start looking at other products. Globally, we’ve already heard a lot of wheat going into the feed ration to replace corn. Now, we may see more wheat enter into feed rations the U.S.” In the western part of North Dakota, crop conditions may be touch and go for awhile, further impacting feed stuffs. “Right now, we’re looking at dire needs, mostly in the Northern Plains. The Corn Belt and Southern Plains have ok moisture and a good start to the crop. It will be a tale of two cities this year.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.