The January supply/demand report delivered a surprise for the corn and soybeans. Total Farm Marketing Senior Market Advisor Naomi Blohm says that gave the market a reason to rally. Another USDA report will be released on Tuesday. “Producers, you need to be thinking about the value that’s in front of you,” said Blohm. “We are at a critical juncture. If we have no trade war drama, if these countries agree to buy more agricultural products, if there’s a weather issue in South America, if there’s a weather issue in the United States, we’ve got a reason for prices to rally, but if those things don’t come to fruition, this is a really good price point.” Blohm was part of the Northern Corn and Soybean Expo in West Fargo.
