Corn supplies stored at the farm level stood at just over five billion bushels as of March 1, the second-highest on-farm stocks on record for that date, according to USDA.  |  File photo

Farmers cling to unsold corn as prices slump

Uncertainty around when farmers will liquidate their stocks could result in choppy grain prices this summer

CHICAGO (Reuters) — South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to sell more. Prices have since eased […] Read more

Ed Usset, grain marketing economist with the University of Minnesota, tells growers attending the 2024 Commodity Classic conference to stick with a strategy of pricing grain pre- and post-harvest because it delivers far better results than marketing it at harvest time. | Sean Pratt photo

Corn and soybean prices may be ready to rally

An analyst points to 'strong evidence' for higher old crop prices; booming renewable diesel industry seen as a positive

HOUSTON, Texas — Old crop corn and soybean prices in the United States will likely rally this spring, according to an agricultural economist. That would also be good for Canadian grain and oilseed prices if it happens. The highest corn prices so far this year occurred during the first two days of January, and they […] Read more


Seth Meyer, chief economist of the U.S. Department of Agriculture, told delegates attending the USDA's 100th Agricultural Outlook Forum to expect a continuation of the downward trend in commodity prices in 2024-25. | File photo

Grain market outlook looks grim

SASKATOON — Grain growers should prepare for a year of falling prices and tight margins, says the chief economist of the U.S. Department of Agriculture. Seth Meyer told delegates attending the USDA’s 100th Agricultural Outlook Forum to expect a continuation of the downward trend in commodity prices in 2024-25. Corn prices are forecast to fall […] Read more

An ear of corn on a plant has had its leaves peeled back revealing a yellow cob ready to be harvested.

Corn prices fall as supplies expected to increase

Some believe ending stocks will soar to 67 million tonnes by the end of 2023-24, up from 35.98 million tonnes this year

Arlan Suderman, chief commodities economist with StoneX, believes ending stocks will soar to 67 million tonnes by the end of 2023-24, up from 35.98 million tonnes this year.