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In Ohio, we have the worst combination of grain marketing circumstances this year — a poor crop in a good crop year (for everyone else).
Our crops have improved, but from poor to fair.
Grain prices drop even lower, but Aug. 12 crop production report will help tell us where we’re at.
Grain producers everywhere are saying, ‘Please, Lord, give me another rally; I will know what to do this time!’
It is hard to be a poor-producing state in a good year.
Even as producers are digging in their marketing heels, the market is actually giving back some of the gains we have seen over the last month and a half.
The rainy weather that has plagued farmers since the middle of May took a breather the last few days. Three or four days of sunshine and warm — but not hot — weather has perked up some corn and soybean fields.
Ohio’s corn condition declined 19 percent for the second week in a row. Our fearless grain commentator, Marlin Clark, can’t remember ever seeing that before.
Heavy rains are having an impact on the grain markets.
Now is a time for hoping, and for looking at grain marketing option strategies. We can’t afford these corn and soybean prices long-term, and we have been too good at production for good prices.
Farm and Agriculture News, Local Market Prices and Crop Reports, Columns and Commentary.
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