Do you know last years poor harvest and overseas sales of grain have left many large storage silos almost empty. I visited several large sites the last two days and 1,000,000 bushel storage silos were empty and clean. One site could handle 5 million bushels, but all he had on hand was 40,000. Last year after the harvest is had less than 300,000 bushels.
Don't totally panic, because many farmers are holding grain, and the harvest this year should be pretty good. My take away is two years of bad grain harvests in the USA would really hurt the entire world. I've read articles, highlighting the low grain surplus levels, but this was an eye opener.
Many of the larger farms I deal with have added large storage silos in the last few years to hold more grain until they get the price they want. One farmer north of Indy can dry and store almost 2 million bushels before he runs out of room.
Don't totally panic, because many farmers are holding grain, and the harvest this year should be pretty good. My take away is two years of bad grain harvests in the USA would really hurt the entire world. I've read articles, highlighting the low grain surplus levels, but this was an eye opener.
Many of the larger farms I deal with have added large storage silos in the last few years to hold more grain until they get the price they want. One farmer north of Indy can dry and store almost 2 million bushels before he runs out of room.