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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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Building My Next Big Investment - A Gsi Grain Bin - How will it pay?

Video: Building My Next Big Investment - A Gsi Grain Bin - How will it pay?

This year I have decided to make take the next steps in building out the grain facility. I have decided to purchase a GSI 42' 7 ring grain bin. This grain bin will hold approximately 32,000 bushels of corn. In todays market that is close to $130,000 worth of crop. So how can I make this $80,000 investment pay? Well join along as we move some conduit into location for electricity and chat about that.