Northland Community and Technical College Farm Business Management Advisor Betsy Jenson expects the corn and soybean markets to be quiet through the end of 2022. “If farmers are expecting something big before the end of the year, they’re going to be disappointed. The big date is in January when the annual (USDA crop production) report comes out.” The cost to store the crop should be considered. “One thing we’re dealing with this year is interest rates. Previously, holding the physical product hasn’t been that expensive because of low interest rates: I encourage farmers to do the math and figure out how much it’s costing them.”
