Daniels Trading Senior Broker Craig Turner was quoted in the Corn & Soybean Digest article “How Much Will Feeders Pay For Your Corn?” The article reviews price expectations for the 2012/13 and 2013/14 corn crop years and its effect on Feeder Cattle.
Drought could keep markets high. But a normal corn production year could drain the market. “New crop is a completely different animal,” Turner says. “If we have a normal growing season with trend yields, new-crop corn will be trading around $4. While old crop is all about demand, new crop is all about supply right now.”
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