Having a plan for volatile markets will help U.S. farmers stay focused as their corn and soybeans grow this summer, experts told U.S. Farm Report during its recent Market Roundtable.
"We still have a long road ahead of us, and a lot of hurdles to jump through,"says Chip Nellinger, Blue Reef Agri-Marketing. "So weather first and foremost. We’ve got to make sure that doesn’t take a turn for the worse. We’ve got to get through pollination. As late as the crops went in, early frost could be an issue later this fall. And then of course, we need acreage adjustments in future months based on the questions surrounding that most recent USDA acreage report."
Watching factors outside of the agricultural world will also give growers the broadest possible perspective, says Thomas Grisafi, Indiana Grain Company.
"I see the outside markets affecting the agricultural world: interest rates going up, the high price of crude," Grisafi says. "There’s things going on besides just that it’s raining and that people aren’t happy with how the last crop report came out."
Watch Segment 1 of U.S. Farm Report’s Market Roundtable:
Watch Segment 2 of U.S. Farm Report’s Market Roundtable: