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Farmers adjust marketing plans to account for rare harvest rally

Farmers are adjusting marketing plans in response to a rare harvest rally. 

George Goblish, a corn and soybean grower in southwest Minnesota, says the market is taking him on a wild ride.

“Let’s just hang on and see where the rollercoaster goes here, I think.”

He tells Brownfield he has quite a few unpriced bushels.

“Hopefully we sell before (the market) starts going down is how we’re looking at it right now.”

Northwest Minnesota soybean and wheat farmer Austen Germolus says going into harvest he was expecting five-dollar wheat and $8.50 soybeans if he was lucky.

“And now we’re able to get almost $10.30, $10.40 on beans if you hadn’t done any pre-marketing. And wheat, we can get up above $5.50 cash right now. It’s been great.”

Germolus farms near Borup, Minnesota and Goblish is from Vesta.

George Goblish interview:

Austen Germolus interview: