Farmers in the US closely watching falling grain markets
United States
Published May 27, 2023
Tridge summary
An Illinois farmer says grain markets are at the mercy of global factors.
Original content
Don Guinnip tells Brownfield many corn and soybean growers are concerned that commodity prices will continue to fall. “It’s like so many things in agriculture now, we’re in a worldwide market and the influences that come from places like Ukraine and what’s going on in China, the cancellation of crops that were previously sold, the uncertainty in the banking industry. There are just so many outside factors.” He hopes grain markets have already found their floor. In mid-May, July soybeans hit a low of $12.98 and July corn fell to $5.45. “But it’s a long way to corn and soybean harvest and there are areas in the drought. Just like this wheat crop, it could be ready pretty soon and if the weather changes, we could be delayed and the quality could be a factor. So, ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.