The Planting Intentions and Quarterly Grain Stocks reports are out, and the numbers were pretty close to what we were expecting to see; more corn acres being planted. Of course, prices are decent, and we hear that a lot. But, if you are holding grain in the bin and not pricing some of your 2023 crop, one analyst feels you may be playing with fire.
Because what happens if the U.S. has a trendline yield?
Dr. Matt Roberts is Senior Grain and Oilseed Sector Analyst with Terrain. He talks about the risks of holding old crop grains for too long.
He talked about crush demand in the U.S. That is being given added uncertainty with the RVOs that were released by the EPA.
The best thing you can do is sit down with a trusted marketing advisor and go over your break evens, and find a plan that will help you maximize your profits.
