Diversified Services Senior Risk Analyst Rich Morrison is telling farmers to evaluate the return of storing this year’s crop. In fact, the crop is bidding for storage and soybeans are trying to win the battle. “We have to formulate a plan as we go into harvest. The market is really telling people to hold this crop; hold the corn crop; hold the bean crop; hold the wheat crop. Try to figure out how to store this crop and figure out a marketing plan to market it into 2019.” Morrison, who spoke at an Ihry Insurance event at Hillsboro, North Dakota, expects the basis situation to improve next year.
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