With corn locked limit up, likely for the day, there’s nothing a farmer can do, says Jerry Gulke of the Gulke Group. The bottom line for today on his farm: A serious look at selling off the combine and possibly reowning the crop by some mechanism later. "There’s the old saying a short crop has a long tail. We need to take prices high quickly to shut down demand then they’ll tail off as corn becomes too expensive to feed or import or convert to ethanol with oil prices at the levels they are." In fact, Gulke thinks this report may be the nail in the coffin of EPA’s moving the mandate to 15%.
Pro Farmer Editors: Report Shocker
Pfizer Animal Health Announces First Recipients of Student Loan Debt Forgiveness Pilot Program