Buyers playing hard to get in this over-supplied grain market

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Farmers sitting on unpriced grain aren’t going to love this week’s market report from Neil Townsend, market analyst with Grainfox.

But not liking it doesn’t change the facts: there’s plenty of grain out there and buyers know they can get what they need at a lower price than many want to accept.

Townsend, in this conversation with RealAg Radio host Shaun Haney, explains how the North American grain markets got into this over-supplied situation (don’t blame demand, he says), and what market fundamentals are at play to possibly push markets into more favourable territory.

It won’t be easy, Townsend says, as moisture conditions for the western U.S. and Canada are forecast to improve for the growing season ahead, further pushing supplies higher. Can biofuel demand make up enough of a difference?

What should farmers do if they’re still unpriced? Listen on for some perspective:

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