Northland Community and Technical College Farm Business Management Instructor Betsy Jensen joined RRFN on Tuesday at Big Iron for the market outlook panel. Jensen says when it comes to selling or storing this year’s crop, Jensen said it may make sense to sell soybeans at harvest if farmers are short on storage. Wheat is a different story. “The carrying charge for soybeans is minimal,” said Jensen. “Selling wheat is kind of the end of the world. If you can find somewhere to store wheat, I would; corn is in the same boat.” Jensen is concerned with spring wheat yields higher than expected, that farmers are going to want to re-own delivered bushels. “Congratulations on selling your over-run, but I think we have to let those bushels go.” You can watch the full market panel here.
