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Pierce county WI | I'll say 94 mil. Acres. Yield? Too early, but I don't think it ever was going to get to trend. There's a diminishing law of returns that should kick in at some point. Maybe that extra fungicide pass isn't worth it? Maybe cheaper seed, maybe this is year number 3 some operations are mining the ground? So, good growing season here on, 168 max. Demand? Ethanol gets back to 90% by fall. Exports remain strong at these prices, especially Mexico. SA prices probably go up, with production problems starting to come up. Feed use is aggressive to account for lower production last year. | |
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Speak now or forever hold your peace
