The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.
Wednesday, September 02, 2009 9:52 AM by: Anonymous
Harvested acres could be 1 or 2 million too low...count on 14 billion bushels of corn at harvest.
Is it normal for the author of an article on this site to respond on the comments section as anonymous?
There are a lot of poor fields of beans and corn in the country.
I would like to see all these acres of 300+ bushel corn and 90+ bushel soybean fields that will be needed to reach the USDA's projected yields.
One thing that is never mentioned is the fact that USDA's projected harvest acres are at least 3 or 4 million too high. 77 or 76 million will probably be more realistic.
Lot of drowned and hailed out corn and because of price a lot of corn is going to be in a silage pile and off the market.
Instead of planning on close to 13 billion bushels production, maybe we will be looking at less then 12.
The markets work to perfection but our price ranges are too low. Its been like this for years, until we can put in some sort of mandatory price controls on commodities the system will eventually break all farmers. Is this their goal?