Mike
Ask your Market/Chicago source/sources this question please!
What immediate affect would higher CCC loan rates have in Chicago?
If suddenly the Farmer could take a $3.50/bu corn loan and a $8.50/bu soybean loan on 2018 crops and throw out the 2018 Farm Bill? This loan program would also allow the Farmer to extend his CCC loan for another 9 months on up too 25% of his historic production. Meaning the projected carryover for Corn and Soybeans for 2018 crops would stay in the Farmers bin and not be dumped in Grain Merchants laps!
