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Do you agree with USDA that a bigger corn harvest could be on the way in 2013, and that corn prices could dip below $5/bushel?
2013-03-10 21:40:47| National Hog Farmer
Weather in 2012 dealt pork producers one of the worst droughts in the last 50 years. Now that the calendar has flipped to March, and producers' thoughts have turned to tilling the soil, do you agree with USDA that a bigger corn harvest could be on the way in 2013, and that corn prices could dip below $5/bushel? I'm optimistic that planting will start early as the groundhog didn't see his shadow. More moisture means a better corn harvest and could result in $5 corn. I'm resigned to the fact that winter will drag on, delaying corn planting. Hopefully more moisture will mean better corn yields, but hardly $5 corn. I'm not confident the moisture is enough to take a bite out of the drought, and thus produce more corn and cheaper prices. The drought is not over and I expect another year of tight corn stocks and corn prices close to last year's $7/bushel.
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Category:Agriculture and Forestry
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