Sunday Market Outlook: Pricing Opportunities Continue, but for How Long?

Harvest is upon us and weather forecasts suggest limited disruptions. Prices are into the upper half of price averages since 2014, well above what was expected/feared by many through much of 2020 and as recently as early/mid-August. Thus, there are multiple pathways to concluding that we are currently experiencing exceptional sales opportunities for 2020 and possibly for 2021. Today Chris and Duane discuss prices, yields, gov't payments and total revenue through a lens of opportunity and remind producers to recall what all this looked like through the lens of fear and despair, just weeks ago and through much of 2020. How much of China's demand can be continued in the weeks/months ahead and how much of their buying energy the past several months has been to rebuild stocks? There's a lot to discuss and even more for you to ponder as you seek a profitable pathway to navigate 2020 and 2021.