WATSEKA – Farmers should push their pencils, know their costs and be prepared to remain flexible when it comes to marketing crops.
Merrill Crowley with First Choice Commodities in Watseka also recommends acting when the time is right. Dry weather concerns are already emerging out west.
“We’ve got to get rid of at least a million bushels (of corn) or at least have the thought pattern that we are going to cut corn production enough to offset the large carryout,” Crowley told The Central Illinois Farm Network last week.
As fear develops about supply, Crowley anticipates that bringing more demand to the market which should hopefully help push prices higher.
“Right now, I want to keep my thoughts and my concentration mainly for the new crop around $3.50 to possibly $3.80 and for the beans, somewhere in the $9.00 area.”
We are still seeing a reduction in the Brazilian crop and most of the attention is now going to turn to our crop size here in the U.S.