There are significant similarities this year to what we saw in 2013.   This doesn’t necessarily mean we will see the exact same scenarios play out however, there are significant conditions that rhyme with 2013 and create a risky scenario that producers will need to navigate in the coming weeks and months in order to mitigate risk and capture subtle Profit opportunities.

The conversation weaves through several topics to pay attention to including commercial positions, managing basis, opportunities, South American weather, fund positioning, and possible export demand.

They go on discussing the idea that managing risk going into 2024 will be paramount as you look at your marketing plan and consider the price levels that work on your individual farm.

They wrap up the conversation talking about several possibilities that could give us strength in the grain Markets however, setting your price targets and limiting downside risk is advisable with the potential headwinds of 2024.