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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
south illinois, 11 pm central time. corn planting over planted 2/3 of acreage,showers sun. mon. tues 2" all day,wed7pm-10pm 3". beans 20% planted. have to replant both corn & beans.
2008 was good compared to 2009.
I think this corn situation is far more serious than people in the trade let on. They need to talk the market their way for trading purposes. (including Bob U.) this might be the year the wolf bites them in the ass!
By the end of this summer/beginning of fall I suspect bean prices will crash. Everyone is converting corn to beans due to late plantings. Bean acres were already projected higher this year over last year as well. Price of corn will shoot through the roof this summer.