What to do when grain storage becomes full comes into question each year as harvest progresses. Considering a few things for your grain marketing strategy can add to your profitability if you’re concerned about what to do with extra bushels in your bin buster of a year. First, producers low on storage should take a look at the markets and see if it’s likely they can lock in a profitable sale.
It makes the most sense for soybeans to sell the bushels you can’t store. However, corn demand is based more on geography this year due to the unique situation with grain shipping. For producers in the East who need to ship corn west where the cattle are, it’s not going to be cheap. Ultimately, if you’re playing around with the markets, start with just a few bushels to limit your downside risk.
Read more on grain marketing strategies for bushels beyond your storage capacity here.
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