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Grain Update

Dec 09, 2022

Grain Bin

December Update.

Hopefully everyone had a great Thanksgiving. For some it was a day off before another few days of harvest, as we are still taking grain at all of our locations. We are starting to wrap up harvest for the most part, so I just wanted to say thanks to all for turning to Premier for your grain needs this fall. We were glad to have decent weather. outside of a few stretches of snow/rain/cold.

Corn prices have been relatively quiet lately, holding above $6 for the entirety of fall. We are seeing corn shipments lagging behind their necessary pace, but that bearish factor is offset by production issues in the western corn belt. Locally, WI producers in general saw good yields on both corn and soybeans. Soybeans have been a little more active, catching some life after river levels recovered to some extent in late October and helped by soybean oil strength. Soybean sales and inspections have been strong as well. 

Now that the crop is in the bin, it’s a good time to set some selling goals and make a plan both for bushels in storage at Premier and grain in the bin. Contact us today to make a plan

Jory Bossuyt

Grain Lead & Merchandising
 

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