Lot No. LOT-1437 · offered September 28, 2026
Commodity MarketsLot sheet
Steve Kell: Farmers Right to Expect More From Grain Prices
Grain columnist Steve Kell tells FarmersForum readers that farmers are right to expect more from grain prices, a signal of grower frustration with current market levels.
Market notes
- Steve Kell argues farmers are right to expect more out of grain prices than current levels deliver.
- The column appeared on FarmersForum.com as an opinion piece, not a surveyed price forecast.
- The argument implies growers should test current prices against their own break-even and marketing plans rather than treat them as a ceiling.

Grain columnist Steve Kell argues that farmers are right to expect more out of grain prices than the market is currently delivering, in a new opinion piece published by FarmersForum.com.
The claim is a direct one. Kell, a longtime grain market commentator, positions current price levels as inadequate relative to what producers need — a framing that puts the burden of justification on the market, not on growers' expectations.
For farmers, the argument lands at a familiar place: the farmgate price of grain versus the cost of producing it. When columnists of Kell's standing say growers "rightly" expect more, they are effectively saying the current basis and futures structure does not cover the input bill that producers have already locked in. That bill — seed, fertilizer, fuel, machinery and land — has been set for months. The revenue side remains the open variable.
The column appears at a moment when grain price expectations carry unusual weight in producers' marketing decisions. Growers who accept that current prices are "all the market has" may sell into weakness. Growers who share Kell's view — that the market owes them more — are more likely to hold inventory, forward-price selectively, or use storage to push sales into later delivery windows.
That behavioral split matters for the trade. If a meaningful share of farmers withholds grain on the expectation of better prices, basis levels at country elevators can strengthen as end users compete for tighter nearby supply. If instead growers concede and move grain at current levels, the reverse holds. Columnist sentiment of this kind is one of the soft signals merchandisers watch when gauging farmer selling psychology.
Kell's framing also speaks to a longer-running debate in grain marketing circles: whether producers should price against their own break-even or against the market's forward curve, regardless of cost. The two approaches have diverged sharply in recent seasons, as input costs reset higher and faster than grain futures in many windows. Columns like this one push the argument that the gap between the two is not simply a fact growers must accept but a condition they have grounds to contest — through storage, through marketing discipline, and through holding out for price levels that reflect production economics.
For the farm financial picture, the stakes are straightforward. Margins are the difference between what the elevator pays and what the supplier invoices have already committed the operation to pay. A columnist telling farmers they are right to expect more from prices is, in effect, telling them not to treat current revenue levels as a ceiling for their marketing plans.
Readers should note the piece is an opinion column, not a USDA-style condition report or a surveyed price forecast. Its value lies in what it signals about grower sentiment and marketing posture, not in any projected price target. Producers weighing the argument against their own books will want to test it against their local basis, their storage capacity and their cash-flow calendar before acting on it.
Kell's column signals that frustration with current grain price levels has moved from the coffee shop into print — and that growers looking for permission to hold out for better prices now have a respected market voice saying their expectations are justified.
via Google News: Grain prices (Source)
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