Production up, prices recovering for Missouri grain farmers

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Production up, prices recovering for Missouri grain farmers

JEFFERSON CITY – Mid-Missouri farmers are hopeful increased yields and recovering prices will result in a better than expected fall harvest.

Jay Fischer, Vice President of the Missouri Corn Growers Association, said local corn farmers are happy with their yields.

“This is certainly a better outlook than what we were expecting,” Fischer said.

The United States Department of Agriculture’s crop production forecast for August predicted Missouri’s corn and soybean harvests to increase from 2019.

Corn is expected to produce 175 bushels per acre, up from 155 bushels last year. Soybean production is also expected to increase to 53 bushels per acre, compared to 46 bushels in 2019.

“I’m surprised at some of the yield estimates that I’ve seen,” Fischer said. “I find it hard to believe they’re going to be as good as they say they are.”

Rain falling at vital times has been a large reason for the high yield farmers have seen across the state.

Fischer grows corn and soybeans on his farm. He said he was satisfied with his good crop after flooding took out all of his production last year.

This year, yield checks estimated Fischer’s output at over 200 bushels per acre.

Fischer is remaining cautiously optimistic.

“You never know until it’s in the bin,” Fischer said. “We’ve still got a ways to go to get through harvest.”

The price of corn has fluctuated throughout the year. Iowa’s derecho windstorm in August resulted in a loss of about 10 million acres of crops.

The price and production impact from the derecho will be released in a USDA report on Friday, Sept. 11.

Fischer said a larger factor in the price was the recent trade developments between the U.S. and China. He said the international commodity trade boosted the price of corn by about 40 cents per bushel over the past three weeks.

The July estimates for corn prices are at $3.38 a bushel, down 86 cents from last year. Soybean prices are up by 25 cents, at $8.79 per bushel.

“We’re still below the cost of production,” Fischer said. “But at least we’re still 40 or 50 cents better than we thought we were going to be.”

Further information on grain production and prices can be found for all 50 states on the USDA website.

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Editor is WebTech Group (WTG). WTG is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. Site is owned and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
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