Minneapolis wheat led the grain market higher this week. Van Ahn and Company market analyst Kristi Van Ahn thinks spring wheat is trying to secure acres. “We’re trying to decipher what we’ll have for acres with fertilizer prices as high as they are and soybean prices are lower. We’re not really seeing a winner in the acreage battle looking to next year.” The grain market is trying to decide how much of each commodity is needed. “It took us forever to get through the $5.50 level in the corn. We’re there now. This is the bottom end of the range and somewhere between $5.80 and $6 is where we should be for the top end. We’re stuck in the middle. It’s a similar situation with the soybean markets.”
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