On Friday’s grain market close, the technicals showed a mixed picture, with some markets finding support while others faced resistance. Funds are currently holding a short position in several grains, reflecting a bearish sentiment in the market. On this week’s Nebraska Soybean Board Weekly Market Roundup we hear from Jacob Burks and Brian Splitt with AgMarket.Net. Producer selling of old crop has been steady, with many farmers having already moved a significant portion of their grain. However, as we transition into the new crop, marketing has been cautious, with some farmers locking in prices to manage risk while others are holding out for potential rallies.
As farmers look ahead to 2025, their marketing plans are likely to focus on managing price volatility and input costs. This could involve a mix of forward contracting, options strategies, and possibly increasing on-farm storage to allow for more flexibility in timing their sales. Additionally, geopolitical and global market trends will continue to play a significant role in shaping their strategies as they navigate the uncertainties of the coming years.