Farmers are choosing to store their grain longer this year due to low commodity prices. Last fall’s harvest was wetter than average, and corn and soybeans in bins already have high moisture levels. Waiting for prices to increase could result in damaged products.
Matthew Willimack, farm marketer for Cargill, buys grain from producers and helps navigate them through risk management decisions. Farmers across Iowa are experiencing low prices for corn and soybeans primarily because of the coronavirus.
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