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Iowa farmer concerned about global uncertainties

A north Iowa farmer is factoring in global uncertainties as he markets grain.

Brent Renner grows corn and soybeans near Klemme.

“This Middle East situation kind of scares me to death. That just throws another wild card or monkey wrench in the whole system, which is already littered with money wrenches in my opinion with, you know now we’ve been dealing with Ukraine for over a year.”

He tells Brownfield weather in South America will have a big influence on U.S. soybean prices.

“And you couple that with what I think a lot of people thought the USDA estimates were probably, well everybody thought was high. But now that we’re out in the field, maybe they’re closer to accurate than we thought because of some surprising yields. So there’s so many things to think about and consider.”

Renner says risk management will be challenging with softer commodity prices, lower input costs, and the likelihood of continued market volatility.