18 March 26, 2015 2015 Logan County Farm Outlook Magazine Lincoln Daily News.com
This year’s efforts have led to China
accepting three top corn and soybean
GMO’S, including Viptera, the corn that
was rejected a year ago. There has also been
acceptance of DDG’s, a corn by-product
created in ethanol production that is used for
livestock feed.
Another factor influencing corn is the
development of the ethanol industry. The
corn demand for ethanol has reached a high
plateau of five billion bu. Bauer said, “Pretty
much all of our corn goes to ethanol.”
Bauer points out that “We’re in a large
supply, limited demand picture” and that
means low prices. He knows that farmers are
selling because they have to, not necessarily
because the price is where they’d like it.
He and others would tell you, numerous
outside influences affect the grain market that
no one can predict, impacts far beyond the
local markets; what global trade, and even
the dollar might do, can change everything.
So, this year’s story isn’t over yet.
Bauer plans to watch the board, work the
rallies and watch for the new corn price. The
game now is, “if you can find a price that is
break even or better, put some sales on at that
level.”
He says there could be some wild cards, “if
we were to have a wet spring and crops go
in late, the corn prices could rally a bit. On
the other hand, if we get the crop in on time
and it’s in good condition, that could depress
prices further yet.”
In summary he encourages those waiting to
sell to, “Watch the futures market for new
crop sales. Don’t be afraid to price corn
ahead. Try to find prices you can live with
on new crop sales. We may have missed the
highs already. Be ready to take advantage of
the rallies when they happen. There may be
some opportunities to break even or better
between now and harvest.”
Story by Jan Youngquist
Sources
Changing Landscape of Corn and Soybean
Production and Potential Implications in
2015
changing-landscape-of-corn-and-soybean-
production.html
Can One Monster Crop End the New Era of
Grain Prices?
edu/2014/12/ifes-2014-can-one-monster-
crop-end-new-era.html
Corn Trade
corn/trade.aspx
Past related article:
Are GM seeds hurting the market?
Apr/07/News/today_farm_gm_seed.shtml
