The director of producer brokerage for CHS Hedging thinks this might be an opportune time to sell.
Kent Beadle says with corn rallying 25 cents and soybeans 50 cents, the market has probably peaked in the aftermath of last week’s derecho wind event.
“We’ll probably back-end fill for a little bit, maybe have a retest of those lows. But then I think there will be a normal post-harvest rally that growers will have an opportunity to market into.”
He tells Brownfield it’s going to take patience and the proper use of tools to successfully build a price before, during, and after harvest.