I will likely say this at the start of every month for the rest of the year, but it’s hard to believe it is already March. While the old adage is “time flies when you’re having fun,” I would not say the quick pace of time passing these last couple of months had much of anything to do with fun when it came to the markets.
Since the start of the year, we have watched Chicago wheat lose 85 cents in the July, while December corn has fallen 42 cents and November beans have lost 98 cents. It is no longer a question of poor margins for many farmers across the country, it is now all about deciding whether or not to lock in a loss.
