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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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Weekly Forecast - Eric Hunt

Video: Weekly Forecast - Eric Hunt

Not a lot of moisture to speak of this past week and it feels like someone's been messing with the outdoor thermostat with all these temperature swings. Nebraska Extension Ag Climatologist and "Market Journal" Chief Meteorologist Eric Hunt lets us know what he’s tracking for the week ahead.