As the 2024 crop season is wrapping up, locally I feel fortunate to have ended up with the crop that we did considering the wet first half of the year. Overall, I think our area has harvested an average corn crop, with pockets of below and pockets of above average yields in our draw. With the above average September temperatures and virtually no rainfall, harvest came much earlier than most had anticipated and the lack of rain made for one of the quickest harvests in recent memory start to finish. Ample supplies on the national level will make it difficult for corn futures to breakout to the upside without new demand or a supply issue elsewhere in the world, so local basis levels will likely firm heading into winter as elevators and end users try to incent physical corn movement.
As we move into the new year, please feel free to reach out to Sara or myself if you have any questions about BCP purchases, or new CVAC delivery options. From all of us here at CVEC, we’d like to wish you a happy holiday season and look forward to seeing you all at the annual meeting in January!
