It won’t be a usual grain marketing year for Northern Plains farmers and grain elevator companies. The Bismarck Tribune reports that farmers and elevator operators are looking at temporary storage to wait out a tariff war.
Many of the grains produced in North Dakota are feeling the effects of Chinese tariffs in retaliation for U.S. tariffs on steel and aluminum, Frayne Olson, North Dakota State University crop marketing economist told the Tribune.
The biggest challenge, and especially at harvest, will be soybean marketing because there are no soybean bids for local elevators to sell soybeans into their traditional Pacific Northwest market.
Normally, this time of year, marketers have to line up ocean vessels and trains. That isn’t happening for soybeans, but there have been more bids for corn moving into the Pacific Northwest market.
Read the full report here.
