A leading ag economist is worried about the resiliency of grain markets as prices hit multi-year highs.
Dr. David Kohl says a farmer recently told him a lot of money was left on the table by selling his soybeans too soon.
“What’s happening is oftentimes when we have a year like this, it just sets the marketing back for four or five years.”
Presenting during the virtual Minnesota Ag Expo Wednesday, Kohl said that pattern compounded with government ad hoc payments and market influence from Chinese demand and South American weather has created a super-cycle reminiscent of 2012.
