A market analyst says with commodity prices trending higher since August, farmers are exploring earlier new crop sales.
Bryan Doherty with Total Farm Marketing by Stewart Peterson tells Brownfield the market can get its head above water once the basis is off, then farmers wait for a little more only to see the prices disappear. Doherty says he is seeing decreased carry out, fund money pouring into commodities, and upward-trending markets with momentum driven by weather issues. “You’ve got drier weather, in parts of Argentina in particular, and Brazil. You’ve got the U.S.
