News

Delayed corn harvest offering premiums

A marketing analyst says the late start to corn harvest in the Eastern Corn Belt is elevating cash basis.

Angie Setzer, co-founder of the grain marketing firm Consus, tells Brownfield a lot of buyers had expected to start receiving corn by now.

“We’re talking about some of these locations that are well above $5 cash,” she shares.

She says cash premiums vary by location and farmers need to be frequently checking in with buyers if they can deliver.

“Do you go out and try to capture some of these premiums or do you give up a lot of what you gain out the back door trying to dry from higher moisture levels,” she cautions.

Setzer says corn in the region seems to be near 26 percent moisture, but yields have been strong.