Farmers Advised to Stay Disciplined Amid Strong Corn and Soybean Prices

Market advisers Austin Schroeder and Ross Baldwin are cautioning farmers to remain disciplined as they consider cash sales or hedges due to strong corn and soybean prices, which come with significant risk as harvest approaches.

Schroeder of Brugler Marketing noted that the market recently reached three-year highs, giving producers a better opportunity to price grain. He emphasized the importance of using current values to manage their bottom line, especially for those with limited storage or bushels that must move at harvest.

Baldwin of John Stewart & Associates agreed, saying corn near $5.50 offered levels that could support sales and help producers make cash sales while managing risk. He noted that production costs have climbed with inflation, but the current prices are favorable for farmers to take advantage of.