Crop uncertainties complicate grain marketing
Uncertainties about this year’s crop are making grain marketing more difficult for many farmers.
Bill Gordon grows corn and soybeans near Worthington in southwest Minnesota.
“I waited because of the drought and I didn’t market as much as I normally do, so we’re kind of looking at trying to do some cash sales to cover some of those inputs and maybe try to cover some of these lower prices with maybe a price run later.”
He tells Brownfield futures prices are being pressured on several fronts.
“With Brazil having a really good year in soybeans and oilseeds, and next year projected to be the world’s largest crop. Markets are still down, Dollar is still pretty strong, interest rates are high, it all plays into the balance of where does this market go.”
Gordon says he is cautiously optimistic about corn and soybean prices going forward.