With large supplies of corn and soybeans continuing to hang over the market, farmers are likely looking at another down year for crop prices, according to Chad Hart, Iowa State University (ISU) crop markets specialist.
“This is the same thing I’ve said each year since 2012 because we haven’t fixed the big problems weighing down the market,” Hart said.
In basic terms, according to the economist, the problem is U.S. farmers are growing more crops than there are places to sell it. “Overproduction is the issue that looms over us,” he said. “There is no crop ...
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