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No holiday lull for grain markets
The senior director of brokerage for CHS Hedging expects a lot of market volatility through the end of the year.
Joe Barker says exports have been strong for corn, soybeans, and wheat.
“Trade will continue through the coming months, even though there’s a transition in Washington D.C., agriculture continues. So I think you’ll continue to see some price action around what trade continues to happen, and of course basis can be impacted a lot.”
He tells Brownfield corn has been shipping out of the Great Lakes destined for European destinations.
“We’re seeing corn leave out of the Gulf of Mexico and off the PNW (Pacific Northwest), we’ve got a lineup of boats to load. We’ve got a lineup of boats to load with wheat out of the PNW.”
Barker says prices are off 2024 lows but remain below the cost of production for most growers.
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