DTN/Progressive Farmer contributing analyst Tregg Cronin says the North American balance sheet for spring wheat is on shaky ground. “Spring wheat is going to have to bid for acres next spring like it hasn’t had to do in some time,” said Cronin. “We’re going to have to maintain good prices into February and the crop insurance timeframe so spring wheat can get acres back in the good production areas of northeast North Dakota and southeast North Dakota. It has to happen or we’ll roll into next year without enough acres to get the balance sheet built up to what it needs to be.” Cronin says USDA has not yet accounted for the large number of HRSW acres that will be abandoned this year. Cronin was part of a Northern Crops Institute market outlook webinar Wednesday.
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