Corn farmers have felt the pinch of low prices, and with a record corn crop coming in, that situation is unlikely to change anytime soon.
Despite all the noise, grain analyst Darin Newsom says the corn market is steady as she goes.
“You know, there’s nothing outstanding in this market. If we look at both the Dec. March future spread, if we look at the Dec. July forward curve, all telling us you know we’ve got a neutral situation, not that much different from where we were this time last year, basis is relatively weak. All of these things are to be expected as we enter September, and again, with the large harvest coming at us.”
Newsom says he will be closely watching December corn in the weeks ahead. He says it tends to rally during September and October, but he is not expecting any big moves.
Chris Weaver, a sixth generation farmer in Finksburg, Maryland, talks about his successful relationship with his partners on the Golden Harvest Agronomy Team for his soybean and corn operation.
Save this list to have on hand when you hit your local grocery store, farmerfarmers market, or CSA all season long!
November 22, 2022 08:06 AM
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We can thank farmers for ALL our meals, but especially during Thanksgiving! Let’s learn how some Thanksgiving dinner staples are grown, and which states produce the most.
November 11, 2022 01:26 PM
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An economist says U.S. ag exports could fall next year due to several factors.
November 03, 2022 10:49 AM
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It’s nothing new—inflation is crazy right now, and the grocery store is one of the major places our pocketbooks are getting hit the hardest. Here are a few ways to save on cooking oil.
