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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
I agree that flat price is going to break. We likely have a very large corn crop out there. Once we sell the Old crop bushels, basis levels should continue to improve as a high percentage of corn is stored. Soybeans will be sold off the combine as prices are higher for fall than for spring delivery
238 million more bushels I think from $7-8 dollar corn in 07-08 down to $3-3.45 corn is a pretty fair adjustment for higher farmer held stocks isnt it?
There is a lot of corn sitting in bins now waiting to be sold - most in storage will have to be sold before this year's harvest. Don't expect high corn prices.