After traveling miles and miles across North Dakota and a small portion of northwest Minnesota, Advance Trading Risk Management Advisor Tommy Grisafi reflects on the current planting season. “The facts are short and sweet, if it was corn ground last year and wet when you took it out last year, it’s not going to be anything this year,” said Grisafi. There’s also ground that changed considerably in the past two weeks, which allowed farmers to plant. A year ago, farmers planted corn beyond the crop insurance planting deadline. Grisafi says that’s not the situation this year. “A year ago when we did the crop tour in the Midwest, corn was trading $4.40 a bushel and we’re currently trading $3.30 per bushel and than you have North Dakota basis. There is no motivation to slop in a crop to lose a bunch of money.”
