Crop market upbeat - Spring rally in full swing

May 10, 2024

By Farms.com

The agricultural sector is enjoying a positive week, with crop markets experiencing a welcome price increase. Kim Anderson, a grain market economist at Oklahoma State University, attributes this upswing to the seasonal "spring rally."

This annual trend reflects renewed confidence as winter ends and planting gets underway. Markets for wheat, corn, and soybeans have all seen notable gains. Wheat futures reached $6.35, corn prices rose to around $4.60, and soybeans climbed back to $11.50.

While corn continues to show a surplus, overall market sentiment is upbeat. Anderson suggests that farmers keep a close eye on production figures and stock-to-use ratios, as these factors can significantly influence future prices.

The current trend suggests a potentially fruitful season for crop yields. However, long-term price stability hinges on factors like production levels and available stockpiles of grain.

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

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