Farms.com Home   Ag Industry News

Congressman asks Sonny Perdue for grain storage help

Congressman asks Sonny Perdue for grain storage help

Soybean producers are running out of storage options

By Diego Flammini
Staff Writer
Farms.com

The USDA should help soybean farmers facing storage issues, a Congressman says.

Dr. Ralph Abraham, who represents Louisiana’s 5th congressional district, wrote a letter to Sonny Perdue asking the agriculture department to help soybean farmers who are producing high yields but are left with limited storage options.

Elevators have told some Louisiana soybean producers that, unless the grain was previously booked or “are of uncommonly superior quality,” they will not accept the crop, the Oct. 2 letter says.

“The practical effect of this policy is that farmers must choose between harvesting soybeans with no place to bring them, or letting them rot in the fields,” Abraham wrote in the letter.

Producers agree that soybean storage has been a challenge. But some have taken the necessary steps to ensure their beans can be harvested.

“I’ve been hearing that some farmers don’t have enough space for their beans,” Raymond Schexnayder, a producer from Ventress, La., told Farms.com. “We invested in on-farm storage last year to combat this kind of thing. But with the way it looks with a possible record crop and slower trade, everyone’s full.”

Soybean producers in other parts of the country may also face storage issues.

Iowa farmers have harvested about 15 percent of the state’s crop, the USDA’s Weekly Weather and Crop Bulletin says.

But growers appear to be preparing alternative storage options.

“Storage could be an issue once everything wraps up, but we might not know until then,” Bill Shipley, a producer from Nodaway, Iowa, told Farms.com. “I know some people have bought those large grain bags to store crops if the elevators and other storage methods aren’t available.”


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!