Ag economists on a market panel see the U.S. drought having an impact on markets in 2021.

Marty Foreman, with the University of Missouri, says the drought in the west is creeping its way to the east – in Iowa, Illinois and Indiana – and is likely to continue into the spring,

“Anytime you start out with a dry pattern or dry soils it just increases the risk to the crop as you get into the growing season so I think the market will clearly be concerned about that and I think you’ll see prices reflect that.”

Ben Brown with Ohio State University says acreage for 2021 will be impacted by those coming back from prevent plant.

…