South Dakota farmers continue to face challenges marketing corn, following another big crop and record ending stocks in 2017. However, they received some marketing insight at the Growing On meeting in Yankton on Friday. Iowa State University Farm and Business Management Specialist Steven Johnson, says he expects a mostly sideways corn market to continue without a major weather scare in South America or the U.S. This will make corn marketing frustrating and it will be tough to capture a profit.

He says the large amount of corn stored this fall on top of burdensome old crop inventory, plus the need for farmers to generate cash flow in 2018, will all limit improvement is the basis or cash prices.

Johnson advises producers that stored corn to capture the carry in the futures market through an option strategy.

Growing On meetings continue December 5 in Sioux Falls, sponsored by South Dakota Corn and Farm Credit Services.