Grain Elevators Brace for More Market Uncertainty

Add grain elevator operators to those in the world of agriculture facing uncertainty. Storage issues are among many factors affecting the industry.

According to a report at theSouthern Illinoisan, Will Secor, an economist with CoBank’s Knowledge Exchange, spoke at the National Feed and Grain Association conference Dec. 2-4 aimed at country elevators.

He noted that in some places, such as Iowa, shortage was reduced this year. He credited that to the switch from soybeans to corn and to weather conditions.

Other issues facing the industry include the on-again, off-again tariff battle between the U.S. and China, and problems with transporting grain domestically. He noted that a shortage of truck drivers is a growing concern for the industry.

Read the full reporthere.