Grain elevators anxiously await farmer planting intentions as recent price rallies could sway more farmers to plant soybeans, devoting fewer acres to corn. Elevators need to have storage capacity for a possible shift in acreage, as corn outputs roughly three times the volume of soybeans on a per-acre basis. Many farmers are delivering grain to elevators now, due to the present market. With continued challenges related to supply backlogs and labor shortages, farmers are warned to potentially expect long lines.
The Grain and Feed Association of Illinois’ annual convention offered producers insights on what could be an elevator frenzy.
Read more on grain elevator storage and strategy here.
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