#771 - Basis Risk, Planting Delays, and New Crop Opportunities - Weekly Market Outlook: Apr 20th-24th
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#771 - Basis Risk, Planting Delays, and New Crop Opportunities - Weekly Market Outlook: Apr 20th-24th
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About this listen
In this week’s Ag View Pitch market outlook, Chris and Jarod Creed break down what farmers should be watching heading into the April 20-24 marketing week. They discuss planting delays across parts of the Corn Belt, why the market still does not seem overly concerned yet, and how quickly that could change if wet weather sticks around.
They also dig into one of the biggest issues facing farms right now, old crop corn still sitting in the bin. This episode covers basis risk over the next 30 to 45 days, why carrying corn deeper into summer could get expensive, and why some operations may need to keep making sales even if prices are still frustrating.
The conversation also touches on outside market drivers, including energy, fertilizer, wheat, and Brazil’s currency situation, plus what those factors could mean for corn and soybean pricing going forward. Jared also shares practical thoughts on getting offers working and avoiding complacency during planting season.
If you are a farmer trying to manage old crop, think through basis, or stay disciplined on new crop sales during planting, this episode is for you.