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Take advantage of market opportunities

The co-founder of AgMarket.net says recent gains in the corn market may be short lived.

Matt Bennett tells Brownfield, “Yeah, I’d be selling some corn right now quite frankly, incrementally.”  He says, “I’m not saying you go hog wild, but the low for December corn, we were 65-cents off the lows.  The processor knows corn is gonna show up in January.  Guys need to pay bills, and gals need to pay bills.”

He says good growing conditions in South America are weighing on the market heading into January.

“There’s just no weather issue right now that would make you say, oh, you know, they’re not going to have a big crop this year,” he says.

Bennett says the recent uptick in U.S. export demand may also be short lived as Brazil’s harvest season looms.

“The real versus the dollar is at a 22-year low.”  He says, “That makes their products very reasonably priced on the world markets.  Just they don’t have a lot to sell right now, but they’re going to within about six weeks.”

He says threats of increased tariffs under a new administration could also have market implications in early 2025, so farmers should take advantage of opportunities where they can.

AUDIO: Matt Bennett – AgMarket.net