CSD Xpert and University of Minnesota professor Ed Usset says there's a 70% chance producers will see the post harvest price levels of November soybeans and December corn come this spring. "I would challenge producers to make sure you're ready to get something done," said Usset at Commodity Classic after his early riser session on the first day.
While prices are below production levels, Usset says that if you get the chance, get something priced this spring at decent levels and hope for the best because 2015 harvest prices could be quite poor if a good number of acres are planted and a bumper crop is harvested.
"Don't go crazy, but get 20-30% priced at decent levels," he says.