Posted 12/2/2023, 6:36:27 AM
Farmageddon Football and Shifting Crop Forecasts Impact Farmers and Commodities
- Kansas State and Iowa State football teams to play "Farmageddon" game in poor weather conditions, may end up being flag football
- Cattle producers have faced highly variable profits compared to consistently strong packer margins
- Acreage predictions corn likely to decrease, soybeans to increase, shifts mainly in Plains and South rather than Midwest
- Wheat futures trade at very high multiples (5-8x) compared to size of actual wheat crops
- Money flow and investor sentiment will likely shift in 2024 from expectations of recession/weak demand to renewed inflation and commodity strength