Grain Trader Cautions Farmers to Stay on Guard

Grain Market Trader and Crossroads Coop Manager, Brian Irey says, now more than ever, it's important for producers to be on their toes when it comes to the ag markets and marketing of their grains.

“It is going to be a difficult marketing situation here over the course of the next several months, opportunity probably exists that the USDA will have to step in and maybe provide some type of support to producers if prices are going to stay this low. I'm not implying that that's imminent, but even with revenue assurance here, things are really, really tough. When you have corn essentially well below the price of production or the cost of production, and the soybean market seems to be headed into that same area. And as we mentioned, the wheat market has struggled here for some time. It just is not a real positive time here for producers, while, on the other hand, the end user is going to benefit from cheaper input costs, cheaper rations as we move through the next year here without some sort of a weather problem somewhere around the globe.”

Brian Irey, grain market trader and Crossroads Coop regional manager.