Soybeans seem to be stealing the limelight from corn, but it’s an easy thing to do when corn has been trading sideways for several months.
It’s tough to sell corn, especially with basis being “historically bad,” according to Andy Shissler of S&W Trading.
“I always sell corn ahead of next year during harvest believe it or not because you are close to $4 on the board,” he told U.S. Farm Report host Tyne Morgan.
When soybeans rally, Shissler thinks corn will move along with it. He suggests to store corn, but it isn’t “the best bet.”
Mark Gold, executive team member of Top Third Ag Marketing, thinks the one good opportunity to sell corn was this summer. To get the corn situation fixed, Gold believes there needs to be some adjustments made to the Conservation Reserve Program (CRP).
“Back in 2002, 2007, we had 35 million acres in CRP,” he said. “If we could just lose 5 or 6 million acres somehow, I think that changes the dynamics of this market quite a bit.”
Hear Gold and Shissler’s full thoughts on the corn market and how China could be a big player in the coming years on U.S. Farm Report above.