With extreme heat passing through the Corn Belt, the potential for a huge corn crop is diminishing. These conditions are supporting high corn prices right now, says Mark Gold, president of Top Third Ag Marketing.
“We’re certainly in a frenzy period right now with the hot, dry weather,” he says. “One good rain in this market and the market could head south in a minute.”
Gold says the high prices are worth protecting.
“I know you have incredible profitability in your corn and soybean acres right now,” he says. “Not protecting that is a big marketing mistake.”
Listen in as Gold provides marketing insight and advice.
Gold, Bob Utterback and Ken Ferrie joined host Al Pell for this week's U.S. Farm Report Marketing Roundtable. Watch it online this weekend at www.USFarmReport.com.
Make Plans to Attend these Upcoming Corn College Events
Can’t make it to one of the Illinois Corn Colleges? Check these out.
Soybean College: Aug. 1 to 2., Coldwater, Mich.
With a large focus on in-field diagnostics, let Farm Journal Associate Field Agronomist Missy Bauer teach you the secrets to soybean production. This event will focus on fundamentals, soybean growth and take-home knowledge of how to raise better beans. World-record soybean yield farmer Kip Cullers will present a special breakout session. Click here to register
Corn College “Fundamentals”: Aug. 3 to 4, Coldwater, Mich.
The Farm Journal Corn College Fundamentals session provides practical, hands-on training to help corn growers advance their production skills, increase yields and improve their profitability. This session is geared for the first-time Corn College attendee and will provide them with the core knowledge of how to use the Systems Approach on their farm. Click here to register