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Farmers Brace For Summer Of Volatile Grain Prices

By Brock Turner

Posted July 8, 2019

The market price will be largely dependent on how this year's crop grows. Because it was planted late, there is great uncertainty on the yields that it will produce. (Brock Turner, WFIU/WTIU News)

Indiana farmers who struggled to get their crops in the ground are dealing with another setback – a volatile market. 

Prices for corn and soybeans are fluctuating because of uncertainty with this year’s yields. 

Bob White is the Director of National Government Relations for the Indiana Farm Bureau. He says the market has been sensitive to any news—positive or negative—and he doesn’t expect that to change any time soon.

"We [will] see continued volatility in the marketplace, until we get the crop harvested,” he says. “Then it could get really interesting.”

White says the price farmers receive for their grain this fall will depend solely on the weather. 

The U.S. Department of Agriculture estimates there are still about half a million unplanted crop acres in Indiana.

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