Farmers are expected to store bulk of the 2023 crop

Farmers are expected to store the majority of their 2023 crop due to market challenges.

Current corn and soybean prices are influenced by weak export demand, and Compeer Financials’s grain team tells Brownfield Ag News low water levels on the Mississippi River and in the Panama Canal will drive storage choices.

Farmers are advised to utilize on-farm storage, with more optimistic prospects for basis opportunities in January.