The head of Michigan’s largest grain handler says growers have been taking advantage of significant increases in prices over the past six months and he expects the strong outlook to carry though the growing season.
“We’re coming off of very low ending stocks in corn and soybeans, ten, twelve-year lows in ending stocks,” he says. “It takes more than one year to rebuild that pipeline.”
Bruce Sutherland with Michigan Agricultural Commodities tells Brownfield ending stocks for corn and soybeans have been a significant price driver along with growing exports and expanded regional processing throughout the Midwest.
