2017 seemed like a broken record with analysts forecasting more of the same news about lifeless grain prices, and that could be the same story moving into 2018.
Elaine Kub, author of Mastering the Grain Markets, says realistically, farmers should expect a neutral outcome for the “very long term.”
John Payne, senior futures and options broker with Daniels Trading, echoes that sentiment, and thinks the strategy needs to be looking in the future.
“They’re all looking for the secret of how to beat this market,” said Payne on U.S. Farm Report. “If you’re sitting on a lot of old crop corn, I don’t think it’s a horrible gamble to try to price early then use the old crop [as a] cushion on a rally.”
Hear Kub and Payne’s thoughts on 2018 acreage on U.S. Farm Report above.