#576 - “30,000 Foot View” - Weekly Market Outlook: March 25-29th

Jarod Creed With, JC Marketing visits with Chris in this week’s market Outlook. They start the conversation talking about how the cost of production in 2024 has not reduced much from the costs in 2023. Producers are struggling with the fact that crop budgets are in the red and it will take increased yields to bring the cost of production down this year to get in line with current market prices. Their conversation continues at length discussing numerous options to consider in order to capture some success out amongst all the challenges that we face as we head into spring planting. Setting a margin target, being disciplined, and taking on a modest opportunity may be a huge win for 2024. Nobody knows where price levels could go on spring rally; however, the risk on the other side of the equation is significant!