There were no brokered American Crystal Sugar Company beet stock sales last week. “If we throw out the 290 shares sold on a short-term contract for deed, since the 2022 forecast payment was released in early November there have only been 309 shares brokered for an average price of $4,764 per share,” says Acres & Shares broker Jayson Menke. “That’s only an average of 16 shares per trade and 44 shares per week. There certainly seems to be some resistance at these higher prices.” According to Menke, between the three beet stock brokers, as of the weekend, there were 877 shares listed for sale between $4,700 to $5,100 per share.
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