Experts say producers should market crops nowWATERLOO, Iowa — Experts say farmers better start marketing their crops now if they haven’t already started.
WATERLOO, Iowa — Experts say farmers better start marketing their crops now if they haven’t already started.
John Sanow, a DTN marketing analyst, says corn and soybean markets will be pressured because of a record harvest in the U.S.; the ample soybeans being harvested in South Amer-ica; and reduced demand for corn overseas.
Grain prices tumbled last week following the USDA’s report on 2009 crop production. De-spite poor weather for much of the year it was the nation’s most productive year ever.
About 13.2 billion bushels of corn were harvested this fall nationwide, up 2 percent from the November forecast and surpassing the previous record of 13 billion bushels in 2007. Soybean production totaled a record 3.36 billion bushels.