PP or Mud It In?

With on-again, off-again rains, it may be a challenge for some farmers to wrap up planting on a timely basis. Final corn planting dates for crop insurance are approaching. “We are very mindful that the farmers can take prevent plant and if the market catches wind of that becoming more of a reality that’s when we maybe could see the market push higher to entice farmers to mud it in,” said Naomi Blohm, senior market advisor, Total Farm Marketing. “That’s what happened in 2019 pushing the market that extra 50 cents higher in 2019. The trade is assuming the crop is going to get planted but Mother Nature ultimately dictates the final numbers for us.” The market after the Memorial Day break could be volatile.