Total Farm Marketing market analyst Naomi Blohm said the market could be setting up for a perfect storm of higher prices if the stars align. “But, you’re asking a lot of stars to align; you need lower yields this year; lower carryout in the quarterly stocks report and we’ll need a lack of snow this winter,” said Blohm. Discussions about the 2022 acreage mix are also beginning. While corn and soybeans usually are the focus, Van Ahn and Company market analyst Kristi Van Ahn said to not forget about wheat. “Some areas have got moisture recently and are planting winter wheat, all while the markets are at profitable levels. I think this is a real question you have to look at on the acreage breakdown.” Specialty crops grown in the Northern Plains will need to bid for acres as well in 2022. Stephen, Minnesota farmer Betsy Jensen is keeping a close eye on seed supplies. “I’m concerned about flax, durum and edible bean seed to name a few.” Blohm, Van Ahn and Jensen were part of a Market Outlook Seminar at the Big Iron Farm Show. View the discussion on YouTube.
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