USDA's acreage numbers injected a substantial amount of uncertainty into both markets that appears set to stay in place throughout the summer, according to University of Illinois agricultural economist Todd Hubbs.
Many teenagers would spend spring break catching up on sleep or spending time with friends. However, 17-year-old Kylie Bos is spending it with her father, Jamie Bos, as the Michigan residents haul hay bales to various parts of flood-devastated areas of Nebraska.
Rains have caused many saturated fields and left some producers concerned that there will be little to no opportunity to harvest silage before corn dries down past desired moisture levels or the first frost.
Recent price support caused by a lower national yield forecast dissipated this week, as negative consumption news and improving weather for harvest appeared, says University of Illinois ag economist Todd Hubbs.