#541 - "What Price Can't You Sell For?" Weekly Market Outlook: Nov. 6-10th

Mark Welch, Grain Marketing Economist at Texas A&M visits with Chris in this week's episode. Mark starts the conversation talking about the issue of having a large carry over in corn. Coupled with limited demand. Price pressure on corn is likely to persist. Mark goes on to discuss some considerations and the importance of taking advantage of short-term price rallies and feeding the market along the way. Mark also hits on the idea that farmers need to pay close attention to managing their line of credit, interest rates, basis levels, and cash flow. From Mark’s perspective, soybeans, may have more opportunity for price, strength than corn based on fundamental information. They continue the conversation discussing management considerations for 2024 input purchasing, and Marketing. Mark wraps up the conversation with Chris on the perspective that everyone should know: "What price they can’t sell for.” In other words, what price “does work "and where is the danger zone that you need to have Sales made?