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Accept This Gift From USDA

Ag Marketing IQ: The price of indecision can be costly for grain producers

Every bushel you’re holding is costing you. Are you sure waiting for the perfect price is worth it?

USDA gave a gift last Friday to the farmers who are holding grain. The recent USDA report breathed new life into the grain markets. Notably, U.S. corn yields were adjusted down, with harvested acreage reduced by 186,000 acres and the national average yield decreased by 3.8 bushels per acre to 179.3 bpa. This brings production down by 276 million bushels to 14.867 billion bushels, a figure that falls below trade estimates.

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