A University of Illinois economist says the weekend Midwest freeze and the blizzard in the Dakotas might bring more recovery to the corn market. Scott Irwin tells Brownfield, “From a market standpoint, I like holding pat for now because, I’m thinking, you know, my estimates suggest that this may have knocked back U.S. corn production about a quarter of a billion bushels, and I think that’s probably close to the minimum damage.”
Irwin says farmers who can hold their corn probably should for now.