An Illinois farmer says grain markets are at the mercy of global factors.

Don Guinnip tells Brownfield many corn and soybean growers are concerned that commodity prices will continue to fall.

“It’s like so many things in agriculture now, we’re in a worldwide market and the influences that come from places like Ukraine and what’s going on in China, the cancellation of crops that were previously sold, the uncertainty in the banking industry. There are just so many outside factors.”

He hopes grain markets have already found their floor. In mid-May, July soybeans hit a low of $12.98 and July corn fell to $5.45.

Source: brownfieldagnews.com

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