Dec 13, 2022
United Cooperative continues to look for opportunities for new markets and ways to upgrade facilities to handle the crop. We plan to add eight million bushels of new storage next year with additional trackage to handle more cars and larger units. United Cooperative expects these infrastructure investments to add flexibility and much-needed market access to new markets.
The soybean and corn carryout continue to be tight, and USDA expects corn and bean prices to remain in the current trading range. We see signs that this may not hold as other countries are planning to grow record crops of soybeans and corn to compete in the export arena. Domestic soybean demand will continue to grow as the US builds additional crush capacity to supply the ever-expanding market for Sustainable Aviation Fuel.
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Costs of feed inputs are easy to scrutinize, but often the rest of the costs incurred when feeding animals are not considered when determining what feed to buy or where to buy it.
There’s a lot to consider when choosing your corn hybrids each year. Usually, relationships and personal history play more into the decision than many of us would like to admit. But if you’re looking to break free of your obligatory purchases from your farmer-dealer poker buddy, start by asking these questions.
The drought of summer has now opened the door to the beginning of harvest. As I write this article we have started taking in soybeans and even some corn into our grain facilities. It is always a joyous occasion to begin the harvest season and to realize the yield potential of all the hard work that has got us to this point. The preparation of spring, the growth of summer and the bounty of harvest certainly brings a sense of pride and purpose. Collectively coming together during this season makes the journey more rewarding and fulfilling.