A banking official from Nebraska says the market may need “some disruption in production,” to reach higher prices for corn.
Tom Jensen of First National Bank of Omaha told the Omaha-World Herald there is nothing on the horizon to increase corn prices, unless something disrupts the market. A disruption of the corn market means, generally, some form of natural disaster, such as drought or widespread storm damage.
Meanwhile, assurances around U.S. foreign trade policy are lacking, and that has some bankers convinced that prices could go even lower, according to a rural Nebraska banker, who says “being able to maintain our markets as trade agreements potentially fall away could be hard and have a bad impact on prices.”
From the National Association of Farm Broadcasting News Service.