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Different approaches to marketing old crop grain

Missouri farmers have differing plans for moving old crop grain ahead of what’s expected to be a good harvest this fall.

Cass County farmer Matt Moreland says he’s got a lot of old crop corn left in the bin to sell.

“You’re supposed to be rewarded if you store your stuff. This is the furthest away you are from harvest all year so stocks and supplies should be low and prices should be high. We’re not seeing that.”

Moreland says he plans to continue to store the crop and will be watching the market closely for any opportunity. “I don’t think we’ll sell all of it before harvest, but I’m not too worried.”

He says there’s old crop soybeans on the farm too, but he says those are non-GMO soybeans and shouldn’t be difficult to market.

In Adair and Macon Counties, Drew Lock says he also has a lot of old crop corn in storage, but it’s headed to the elevator.

“At this point, we’re just trying to make room for what’s coming. We think there’s a good crop coming, so we’re making room to try and handle the bushels that are going to show up.”

Lock has also invested in a new grain bin to store more crops through the new year.

The grain markets had a mixed response to USDA’s forecast for larger-than-expected corn and soybean production and slight adjustments to ending stocks on Monday.