Local price shifts expected with river delays
The director of grain for MFA Incorporated says local commodity prices in Missouri have not made big adjustments to the lower Mississippi River levels yet.
“This year, we don’t have as wide as swings as we’ve seen in the past as far as what the grain could be sold for in October versus December,” says Eric Williams.
But that could change as harvest starts to pick up the pace along the river. He says transportation costs are a factor in local basis and will likely influence in grain marketing this year.
“How much will be marketed at harvest? Will this be similar to last year where there’s not a willingness to sell and with prices where they’re at right now we think farmers maybe using soybeans for cash and planning to store as much corn as possible.”
He tells Brownfield farmers should have their grain marketing plans in place heading into harvest.