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N FLA | We are all wondering if Texans will plant peanuts with no contracts or opt for cotton. Market is saying huge increase in acres. What's the water situation. Here, several who planned to grow are looking at other options. Especially new growers have been told the buying point does not have enough capacity for their peanuts. Not sure how that builds acres. Others dont seem very excited about contracting half their production and letting the other half ride.
Personally, I dont see how the market can get the production it neeeds if the choices are 6.50 corn (Sept) .95 cotton, or uncontracted peanuts. | |
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