Markets Now: What Grain Price Ratios Are Impacting Planting Decisions?
AgDay TV Markets Now: Allison Thompson with The Money Farm discusses the ratios between corn and beans and wheat and beans and how that is impacting late minute planting decisions.
March 21, 2024 07:54 AM
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Jerry Gulke, president of The Gulke Group, says it doesn’t matter whether farmers believe the USDA report or not because it’s what the market is trading.
Yield increase of 2.7 bu. per acre pushes carryout to 1.849 billion bushels, sending stocks-to-use back above 10%.
With corn and soybean yields in question and price rationing back on the table, Gulke says the farmers who treat volatility as the enemy — instead of the opportunity — are the ones left holding the top.
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