Weekly Market Outlook: May 16th -20th - SLOW Planting Progress!

Chris talks with Ryan Moe from Stone X. They discuss the slow planting pace, however, as temperatures begin to warm the markets may be less concerned if we see planters rolling more heavily in the next week. Additionally, Ryan and Chris discuss some of the macro fundamentals including the Russian-Ukraine war, energy markets, and the likelihood of continued strong demand from China. They also go on to discuss the profit margin opportunities between corn and soybeans and some of the likely decisions farmers will make leaning toward a few more acres of corn in many cases. “Time will tell.” Finally, Ryan reminds people to take advantage of the strong basis levels during spring planting season if/when the opportunity presents itself as you finish up any old crop sales.