Being short futures, whether it was March or July corn or soybeans, or selling calls works, Gulke says. The two objectives are to pay for the storage to maintain the grain and to restore some of the equity lost by holding unsold grain and not forward contracting or selling out of the field.
USDA Painted a Very Bearish Picture for Grain Prices This Week, Here's One Thing That Could Cause Prices to Rally
USDA's Ag Outlook Forum in Washington, D.C., this past week confirmed growing stocks in 2024/2025. Analysts say without a sudden supply disruption, the commodity price outlook remains grim.
USDA forecasts net farm income at $116.1 billion in 2024, which is a $39.8 million dip compared with 2023. “It’s hard to put yourself in growth mode when things are getting so expensive,” says Tanner Ehmke with CoBank.
The practices you use during the 2024 growing season will have a direct impact on your ability to take advantage of these incentives. Mitchell Hora of Continuum Ag shares what you need to know.
According to the recently released 2022 data, 1.9 million farms and ranches operate 880 million acres, a decrease of 7% and 2%, respectively, since 2017. The overall number of operators declined, as well, by almost 26,000.
Matt Bennett with AgMarket.net, Alan Hoskins with American Farm Mortgage and Joe Vaclavik with Standard Grain talk markets this weekend on U.S. Farm Report.
