Forward marketing soybeans still not a bad idea

Forward marketing soybeans still not a bad idea

A University of Missouri ag economist says farmers should continue considering forward marketing soybeans even after steep losses following USDA’s recent supply and demand report.

Ben Brown tells Brownfield growers need to think about what price it will take to cover higher input costs for next year after losing about a dollar on soybean futures since August.

“If we can still make money, I would encourage you to look at marketing some grain for 2022 just because we are facing and will face higher cost categories for the 2022 crop,” he said.

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