Turmoil and Opportunities in Minnesota Grain Marketing
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Turmoil and Opportunities in Minnesota Grain Marketing
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Ed Usset, Grain Marketing Economist at the Center for Farm Financial Management, University of Minnesota was the guest for the March 19th podcast, Minnesota CropCast. Since 2001, Ed has been writing and executing marketing plans for his mythical farms; a corn and soybean operation in Southwestern Minnesota and a wheat farm in the Red River Valley of Northwestern Minnesota. During the podcast Ed emphasized the economic importance for grain growers to complete the final marketing of their 2024 crop still in storage by this July. Ed also provided suggestions and target prices to help grain producers forward price their grain based on understanding seasonal market patterns after harvest especially during times of lower commodity prices. He also reviewed the potential financial impacts and concerns of economic constraints on the export of feed grains in 2025. Finally, Seth Naeve, University of Minnesota Soybean Extension Specialist discussed the needs and demands for soybean exports by various countries in Asia as it affects soybeans which are grown in the upper Midwest in terms of protein and amino acid content based on his recent trade trips to the area.