Van Ahn and Company market analyst Kristi Van Ahn says next fall’s Minneapolis wheat prices are getting more attractive. “From what I’ve gathered from farmers, there’s not that big of a difference in fertilizer costs for corn versus wheat. I think wheat is trying to make sure they secure those acres. We saw diminished spring wheat last year due to the drought. What would entice producers to plant spring wheat next year?” Many farmers already have their acreage plans for next year, but Van Ahn thinks there are a few flex acres out there. “The last bits of moisture given to North Dakota is giving confidence to secure those acres. I do think farmers are trying to get a grip on input uncertainties.”
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