Grain Storage Outlook Improves for U.S. Elevators, but Bushels Remain Elusive
The current challenge for grain elevators is simply gaining ownership of bushels.
- The current challenge for grain elevators is simply gaining ownership of bushels.
- Farmers have been reluctant to sell, as corn and soybean prices have fallen sharply from their peaks earlier this year.
- That has left elevators with lower levels of grain ownership to take advantage of wider carries and basis levels.
- According to a new report from CoBank’s Knowledge Exchange , the challenge of acquiring bushels should begin to ease for elevators early in 2024.