Sunny days may be ahead for corn and soybean producers, but that is likely only for the weather forecast and not market prices. The current growing conditions and global influences indicate a continued overcast commodity market outlook for the next several months.
Favorable growing conditions are a relief across the Midwest this growing season.
The average U.S. farmer will need a $4.75 futures value with normal yields to turn a profit this season. As this chart shows, in the past year there were only four days when the price point was above breakeven, the red line on the graph.4
Nebraska farmers Lucas and Becky Miller raise corn, soybeans and cow-calf pairs near Randolph.
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Reporter Kristen Sindelar has loved agriculture her entire life, coming from a diversified farm with three generations working side-by-side in northeastern Nebraska. Reach her at Kristen.Sindelar@midwestmessenger.com.
Kristen Sindelar
Agriculture Reporter
