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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
The way it looks where I'm at corn waist high on average, 10% intended acres went to beans or did not get planted. Soybeans were almost all planted at the same time as double crop most ankle high to just emerging, many bean acres unplanted probably 10% also. Late bean planting here means 30-35 bushel max, last years replant only did 35 planted slightly earlier with ideal conditions. This is at least 200 mile in every direction from here with many areas getting flooding rains this past week.
Of course, these bogus reports could also increase feed usage and exports as well as help the livestock/ethanol industry, which is really what we farmers should want. Let's not worry about the traders making money. Lets keep our long term customers in business. IN addition, how will monsanto, anhydrous, p/k producers continue to push prices higher when we won't buy?
Where are you located that you are seeing flooding for a 200 mile radius?