Iowa farmer Julius Schaaf isn’t waiting for his corn to grow kernels before he sells this year. As last season’s record harvest spurs bulging inventories, he’s playing it safe, even as most growers hold onto their grain.
Corn capped the first weekly gain since early May and soybeans rose on speculation that production will be curbed by excessive rain in the U.S., the world’s top producer of both crops.
"There's an opportunity for consolidation."
- Jeff Wilson on Apr 29, 2012