No one knows when the Russian and Ukrainian export markets will come back online. Bolt Marketing market analyst DuWayne Bosse says that uncertainty is hanging over this market. “They have corn that still needs to be shipped that’s kind of trapped and much of that corn is earmarked for China. To me, it’s a corn market that really could still lead this thing higher.” Bosse, who was in Grand Forks for a taping of the U.S. Farm Report market roundtable, said either soybean, corn or spring wheat acres will come up short on acres. “I think it might actually be soybeans even with the fertilizer supply being thin. I’m hearing from guys in southern Minnesota thinking corn on corn because they like $6 corn. Here in North Dakota where we had the massive drought last year, there’s a good chance that if you can get that spring wheat planted and get a couple rains, you’ll get a crop. In the end I think it might be soybeans that get shorted.”
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