Yields, China, S. America worth watching
WATSEKA – There are several market factors to keep an eye on as we move through another harvest season.
Since we aren’t going to see any more USDA data until Nov. 8, growers are trying to track yields. It appears yields are running 10-13 percent below last year. Many are watching South American weather and the trade developments with China.
“I believe we can see some higher prices if these yields continue to come in as they have been,” Merrill Crowley of Midwest Market Solutions told The Central Illinois Farm Network.
Crowley isn’t a fan of storing grain at the elevator – he suggests utilizing the storage cost by putting a floor in and buying calls out into the future. Crowley says this keeps a grower’s money working to hopefully get a better price.
Midwest Market Solutions in Watseka can be reached at 815-432-2220.