The July 30 edition of Commodity Week features agricultural market analysis from panelists Matt Bennett, Chip Nellinger, and Jason Winter. The discussion centers on the immediate threat of severe heat and dry weather to crop yields in the Dakotas, alongside a sustained regional shift from wheat to corn and soybean acreage. Jason Winter highlights strong ongoing corn demand from the Pacific Northwest and intensified local soybean competition driven by newly constructed processing plants in North Dakota. The analysts concur that while short-term market movements will be dictated by impending weather forecasts, long-term prices will likely remain supported by shrinking global stocks and robust domestic demand. Additionally, geopolitical conflicts in the Black Sea and Middle East are identified as key drivers sustaining elevated energy and fertilizer costs. Consequently, the panel recommends that producers leverage on-farm storage to maintain long-term crop ownership while pragmatically pricing essential harvest sales. Panelists - Matt Bennett, AgMarket.net - Chip Nellinger, Blue Reef Agri-Marketing - Jason Winter, Columbia Grain International ★ Support this podcast ★

Jul 30 | Commodity Week

Commodity Week

This is the July 30 edition of Commodity Week. Todd Gleason's services are made available to WILL by University of Illinois Extension. Welcome to Commodity Week. I am Todd Gleason. Our panelists for the day include Matt Bennett. He's at agmarket.net out of Windsor, Illinois. Chip Nellinger is here from Blue Reef Agri-Marketing

in Morton, Illinois. And Jason Winters, our special guest today. He's from Columbia Grain International. It is in Valley City, North Dakota. That's about 60 to 65 miles due west of Fargo on Interstate 94. Thank you all for being with us. Commodity Week, of course, is a production of Illinois Public Media. It is public radio for the farming world. Online on demand at WILLAG.org.

Now, Jason, this is not the first time you have been on Commodity Week. It's been a few years now, but I do want to ask you about the facility that you work in and at, Columbia Grain International. Can you tell me a bit about it, where it's located, and primarily what the operation is like? Yeah, so we're, like you mentioned, we're about 60 miles straight west of Fargo on 94. I work at

the Valley City location, but we do have two other grain elevators in this area, one in Jamestown and one in Rogers. But we have about nine elevators around, or mostly in central to eastern North Dakota from here up towards the Canadian border. And we have about 14 locations in Montana, which do a lot of wheat and edible and pulses. We actually, in Valley here for last year or two,

Jul 30 | Commodity Week

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Jul 30 | Commodity Week

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.