News & Publications

The 2023 calendar year is ending, but for many, marketing decisions still need to be made for the 2023 crop. Additionally, we must start planning for the 2024 crops. Let’s review several things that you need to watch as we market these crops.

For 2023 corn, I think it must be stated that farmers own a larger percentage of this crop compared to the past two years. Since harvest, we have seen the board working lower. Farmers are likely looking at a lower price today compared to what they had across the scale at harvest. We still need further rallies to return to previous levels. Storage costs also need to be considered. If hedges were in place, or put options were used, farmers are still okay. Some areas have seen end users looking for corn, and these are good opportunities to get grain sold. In many areas, enough corn is moving that end users haven’t needed to look hard to source their supply yet.

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