A pair of farmers say the latest supply and demand report has dealt a fresh blow to an already fragile marketing environment.
“Yeah, it was kind of a gut punch.”
North-central Kansas producer Shale Porter says commodity prices could still move lower due to the report and that makes marketing in the short term extremely difficult. “I think the bin doors are going to stay locked for awhile. Everything we have for on-farm storage, we’re not going to look to move it like we were before. We have some land payments coming up but the stuff in commercial storage will cover that.”
He said he sold grain stored at local elevators to capitalize on some rallies prior to the report’s release.
South-central Nebraska farmer Randy Uhrmacher says some momentum has been lost, but, “You have to let everything shake out. A lot of times you get these reports and there’s this knee jerk reaction and they take it too far and then they come back. It won’t fully come back though I don’t think.”
He says he was shocked that the overall cord yield was 186.5 bushels per acre. “We keep hearing about reports of disease and whatever else there was in certain areas that had a poor corn crop this year. That really took me by surprise.”
USDA says 2025 corn production was a record 17 billion bushels with a half-of-a-bushel increase in yield. U.S. soybean production was 4.3 billion bushels.
Uhrmacher says there are still several unknowns that could help push prices higher in 2026 like weather, acreage decisions and potential demand. “It’s still a little early for me to get too shook up about next year’s crop.”
