Prices have been challenged over the last year, not just in the last few months,” . Jake joraanstad, ceo at bushel, a digital platform serving over , grain producers across north . America, told pymnts karen webster. “very late last year and into the beginning of this . Year, there was no price in which you could sell corn and be profitable.”in that .
Forward Contracting the Act of Locking
Environment, forward contracting, the act of locking in prices for future delivery, became rare. It . Simply wasn’t worth the risk. And although top 10 tips to protect your business from a cyberattack some short-term market volatility has nudged prices upward, . That’s little more than noise in an otherwise bearish market.“we have not had great corn . Prices, have not had great soybean prices … that’s the driver of farm profitability in .
Respects Here in the U S ,” Joraanstad
Some respects here in the u.S.,” joraanstad said.Still, if agribusinesses admittedly can’t control global policy, . They can at least control how they google incorporates structured data for forums and profile pages operate. If there’s one message joraanstad wants the . World to hear, it’s this: american farmers are resilient — but they need tools, transparency . And time.Bushel itself is banking on that agency, and not just from farmers but from .
Co-ops Processors and Retailers That Also
The co-ops, processors and retailers that also make up the broader agri-commerce ecosystem.“we’ve solved the . Timing problem,” joraanstad said. “over half of the grain offers made through our platform are . Submitted outside of regular business hours. A farmer hears the market news at a.M., and . The office isn’t open. But bushel is.”braced caseno data for a downturnwhile headlines often focus on macro .
Such as Tariffs Trade Wars and
Trends such as tariffs, trade wars and political sparring, agribusinesses players are more focused on . The granular realities. Often, getting granular can be taken quite literally, for farmers and their . Buyers, as it relates to key grains and kernels.“our big markets for export are in . Asia. Not just china, but other parts … where we supply feed for animals,” joraanstad .