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Inside the Markets with Mark Nelson: Pricing in a Downtrending Corn Market

Overall, conditions and yield prospects remain good for Kansas fall crops this year. In fact, according to the National Agricultural Statistics Service, over July 4, the percent of Kansas corn rating good-to-excellent was 72 percent, the highest it’s been, at that time, in the last 15 years. The nations corn crop too, with 74 percent in good-to-excellent condition is the best in the last five years for this time of year. 

Prices on the other hand, not so much. December corn futures in early July were down 26 cents per bushel from Jan. 1, November soybean futures were down 7 cents per bushel and July wheat futures were down $1.21 per bushel since Oct. 1, 2024. 

So how should we approach marketing when prices are continually creeping lower?

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Reinke Manufacturing - Innovation

Video: Reinke Manufacturing - Innovation

Over the last few weeks, we have brought you some great looks behind the scenes of Reinke Manufacturing in Deshler, Nebraska. We've learned how robotics will play an increased role in how systems are assembled and how the company's involvement in community outreach and building. This week on our third and final story of the series we will learn about some of the latest products Reinke has to offer and how they hope to continue innovating irrigation in the future.