Good reports of a crop in the northern part of the region combined with trade concerns means it will be important to market the crop well. AgCountry Farm Credit Services Vice-President of Insurance and Commodity Marketing Education Rob Fronning explains people are adding storage for those reasons to give them a little longer time to market this crop. “In some cases that works and not all, but in some cases we’ll get that opportunity even later after harvest. If you don’t have a bin to put it in, you’ve got to haul it to town and sometimes that storage isn’t always the most productive way to market their crop.” Fronning says AgCountry projected a challenging year for 2018 and prices have come down since. “Unless we have a really huge crop I think it’s going to be tight. Some people who pulled the trigger early when we had some marketing opportunities they’re going to be a little bit better off than those who didn’t if this market doesn’t rebound.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.