Market volatility a constant challenge
An Iowa farmer says volatility continues to make grain marketing a challenge.
Casey Schlichting who grows corn and soybeans near Clear Lake.
“It’s the same thing every year, it’s volatility. The price itself is one thing, but the volatility in the price is another.”
He tells Brownfield he felt the same way about the markets last spring.
“It’s the same story where prices are okay, but it’s the big swings every day in the market that make me nervous. And the not knowing, seems like one tweet or phone call can change that supply and demand on a large scale and swing our markets.”
Schlichting has some corn in storage and because of drought in the Western Corn Belt he says there should be strong demand for it in the coming weeks.