I spent this past week on the road at farmer meetings that took me across much of western and northern North Dakota and as far north as Winnipeg. These well-attended meetings were sponsored by a number of assorted groups and associations. That's to be expected in a market where prices are still extremely volatile. The following are thoughts and discussions with farmers from the meetings:

Weather is a concern across the entire region. It has been almost completely dry across North Dakota since last August and north of the border since last June. There was zero snow cover in the 1,200 miles that I drove across, but it is too early to get very revved up about the weather pattern. One farmer said if you're going to have a drought, Februar...