[Listen] Ag Analyst Kent Thiesse Volatile Grain Markets
I am sure there are many other farmers that are feeling a lot of "sellers remorse" because they sold all or most of their corn and soybeans before this big rally. It was about 1 year ago corn was around $2.80 a bushel and soybeans were under $8. Last fall during the soybean harvest we saw cash bean prices rise to over $9.00. With there being no carry in the bean market a lot were sold right out of the field. Now we have cash bean prices over $15 a bushel.
Cash corn prices last fall rallied too. By early winter $4.00 a bushel corn early last winter looked pretty good. Today cash corn is around $7.00 a bushel. Ag Analyst Kent Thiesse from Lake Crystal said no one predicted this huge rally in the corn and soybean market. For the most part farmers had very good yields so we have a lot bushels to sell we did not expect. When you look at gross revenue per acre it was a very good year for most farmers.
Click on the link and listen to Kent talk about the markets and some things to consider about pricing some new crop corn and beans too!