The corn market may be one to watch going into spring. Utterback Marketing President Bob Utterback says the soybeans are getting attention, but the dryness in South America will ultimately impact corn. “If the weather continues to show deterioration in the southern hemisphere and input costs stay high, you won’t get as many acres replaced in the double crop. Then, I think we’d see double crop soybeans. If realized, that would tighten up corn.” Soybeans have the most potential to move lower given high input costs for corn. “If we have a wet spring and the corn has problems, soybean acres will grow. I’d be an advocate of getting new crop soybean sales at $12.80 to $13.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.