Ag Marketing IQ
The variability in yield relative to trend projections is a major factor contributing to the increased price volatility that is often seen throughout the growing season. Effective management of price volatility is essential to successful marketing.
In the short term, the pace of planting and USDA’s upcoming May 12 World Agricultural Supply and Demand Estimates could determine whether this phase of the rally still has legs. After that comes a long growing season and the government’s next reports on acreage and stocks June 30. While we wait, here are my current targets for both old and new crop.
With both the May 2021 and July 2021 corn futures contracts taking out the $7.00 price level, the biggest question I’ve heard from farmers over the past few days is, “How high is this thing gonna run? Where and when will be…