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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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Trending Video

Why the Fertilizer Crisis Won’t End When the Iran War Does

Video: Why the Fertilizer Crisis Won’t End When the Iran War Does

The fertilizer crisis didn’t start with war — it revealed a system already under strain.

Seed World U.S. Editor Aimee Nielson breaks down what’s really happening in global fertilizer markets and why the impact on farmers may last far longer than current headlines suggest. Featuring insights from global fertilizer expert Melih Keyman and industry leaders Chris Abbott and Chris Turner, this conversation explores:

Why fertilizer supply was already tight before geopolitical disruption

What the Strait of Hormuz and global trade routes mean for input availability

How rising nitrogen prices are crushing farmer margins

Why this crisis could affect seed choices, crop mix and acreage decisions

The hidden risks around phosphate and sulfur supply

Why experts say this situation may get worse before it gets better

Even if tensions ease, the underlying issues — supply constraints, investment gaps and purchasing behavior — are still in play.

Watch to understand what this means for farmers, the seed industry and the future of global food production.