The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.
Wow, that is good! Please send me your info and I'll open an account.
Here you go again. I had this debate with you last summer and you were dead wrong. When are you going to stop looking at the ten day picture and start looking at the 18 month picture. All you have said for the last 12 months is that corn remains to look bearish and it will remain under pressure. This summer you were dead wrong. We rallied from those levels and we will continue to rally from these levels. Next month is going to be a very important month in grain marketing. We will be establishing our Crop Insurance base prices throughout the month of February. The fact is to keep up with our rising world demand for corn, we will have to increase planted acreage of corn by at least 3 million acres. Now you say, the market is telling us to do that by the price. True, but the problem is that how many people are ready to increase planted acreage on corn. We are coming off one of the most challenging falls of all time. Right now there is a small amount of fertilizer put on and a relatively small amount of people ready to do corn on corn. In order for people to shift their mindset to corn, it is going to take higher prices, and this will stop in the month of February. Ehedger has been wrong for the last 12 months, he will continue to be wrong for the next 12 months. Lets look at the big picture
When is subsidized crop insurance going away?