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NWMO | I see multiple different possibilities, but I think it’ll be bullish on corn, neutral to bearish on soybeans, bearish wheat, bearish cotton. I think the good cotton prices and lower projected ROI on corn will make guys look at other options in this high input, high interest year. I’ve talked to enough guys to know that this year is looking tighter than preferred for some and that when times get tight then survival is more important than making a killing. I think a lot of the corn on corn acres will still be there, but I think a lot of guys would rather plant $12/bu soybeans with low inputs are than $4.60/bu corn with higher inputs. | |
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Report soon?
