3 reasons explain (in part) the financial optimism for 2017 crops

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Has the tide turned for row crop producers? Profitability is looking better for cotton, corn and soybeans.

Tennessee producers at Extension meetings appear to have a guarded optimism toward 2017 production. While there may be many reasons for that optimism, there are at least three that stick out:

No. 1 – Prices have remained stable to slightly higher. For soybeans and grain, this seems to fly in the face of large supplies and projected ending stocks. We would have to go back 10-12 years for the last time ending stocks were this high for soybeans and corn. Continue reading at Southeast Farm Press.

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