Commodity Week

The November 12 edition of Commodity Week, hosted by Todd Gleason, features panelists Greg Johnson, Logan Kimmel, and Brian Stark discussing agricultural market dynamics and marketing strategies following the USDA's November Supply and Demand report. The experts highlight the exceptionally strong cash grain basis for corn, which is being driven by reduced regional yields and producers holding onto their stored crops until prices improve or cash flow is needed. While corn futures appear to have limited downside risk and are awaiting a demand catalyst—such as Chinese purchasing—to trigger a rally, soybeans face greater volatility and downside risk depending on speculative fund positioning and South American weather developments. Ultimately, the panel advises farmers to capitalize on the currently firm basis levels, manage their storage carefully, and proactively place target orders above the market to capture potential seasonal rallies around the holidays. The panel also recommended monitoring shifting livestock market sentiments and developing biofuel policies, such as the 45Z tax credit, for additional market impacts.

Panelists
 - Greg Johnson, Total Grain Marketing
 - Logan Kimmel, Roach Ag
 - Brian Stark, The Andersons