2012-13 Corn Carryover 757 mil. bu.; Soybean Carryover 125 mil. bu.; Wheat Carryover 731 mil. bu.
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Matt Bennett with AgMarket.Net says the broad based selling was tied to lower crude oil markets and headlines from President Trump that the Strait of Hormuz was going to reopened and the U.S. had struck a cease fire for the next 60-days.
From canola to hemp, recent history shows new crops only stick when margin and infrastructure line up for years—not seasons.
Nitrogen availability, root development and residue load determine whether crops stumble or race through June.
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FTC chairman Andrew Ferguson announced a formal investigation Thursday into fertilizer pricing and market concentration, drawing a standing ovation from farmers representing 18 states.
