#581 - “Planted Acres: Still The Big Question?” - Weekly Market Outlook: April 15-19th

Mark Welch, Texas A&M, Extension Marketing Specialist, visits with Chris in this week’s market Outlook. Planted acres will still be the big question this year as the market observes planting progress over the next several weeks. Mark explains some historical numbers on “total acres” along with some of the decisions that producers are making as we work through this planting season across the US. Mark and Chris address some of the challenges with Marketing the 2023 crop. Managing basis will be critical, especially as we get further into the growing season and closer to the 2024 crop. Mark and Chris discuss some of the tactics that producers may want to consider as they begin to price 2024 crop. Producers may be in a position that requires recalibrating our expectations too much lower price levels. Taking advantage of small rallies that don’t last long, might be the key to successful marketing this year.