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Corn stocks are tight, demand is staying strong, and competition for acreage is tough.
With new crop cotton futures over $1.20, cotton will compete fiercely for U.S. acreage this spring, and many analysts expect it to come out a winner.
The slowing pace of soybean exports and export sales suggest that the rationing process has been completed.
While not bearish on soybean prices, Kevin Van Trump says cotton and corn prices look to have more positive demand.
The basis on both corn and soybeans has widened over the past couple of months, depressing cash prices on both corn and soybeans.
Despite less-than-ideal soil conditions and above-normal temperatures, U.S. corn growers harvested the third largest crop on record.
Be ready for changes when you visit your crop insurance agent this year.