Thursday, October 28, 2021
A sunny fall morning at the elevator, the sun is out and we hope some harvesting can get done today. Most likley more corn than soybeans. A few corn loads came in yesterday and moisture was between 22-23%. Any harvest updates will be posted on the website.
Grain futures are down overnight.
Soybeans are hovered around the $15/bu mark yesterday, prices have been fairly stable. Corn prices have been benefiting from high ethanol demand. The Canadian dollar remains strong.
With the threat of higher input costs it might be worth starting to look at 2022 crop prices and putting a few small contracts on the books. Make sure you know your cost per acre and take advantage of target orders and market rallies. We recommend small contracts or sales over a longer period of time to gain a solid average.
Call anytime for marketing advice or if you have questions!
Enjoy the sun!