The chief economist for the USDA says markets will be hyper-focused on every event that could impact corn and soybean crops this year.
Seth Meyer tells Brownfield global supplies are very tight. “It’s going to be sensitive to further changes in south American crops up or down,” he says. “The market is going to be really sensitive to how our planting progress goes. It’s going to be sensitive to how our crops develop simply because in a market as tight as we are, plus with some risk premium to those crop prices.”
He says producers need to consider risk management options.
