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A rare, late-season cut of 1.6 bu. per acre to the national corn yield dropped ending stocks to 1.758 billion bushels, while stronger export demand trimmed soybean carryout despite record yields across the Western Corn Belt.
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Brad Kooima of Kooima Kooima Varilek says a market that moves three days against the last trend often confirms a low.
With the bounce on Tuesday and the friendly news from USDA there are hopes that the corn market has put in a low. Randy Martinson of Martinson Ag isn’t sure a bottom has been forged...yet.
Renewable Fuels Association’s Troy Bredenkamp says the push from Alabama and Louisiana to waive 2027 Renewable Fuels Standard obligations would raise gas prices, not lower them, and hurt rural America.
Arlan Suderman, Chief Commodities Economist with StoneX says the corn and soybean markets were trading higher yields coming into the report and saw a positive reaction as a result.
Patrick Scates runs a service company, not a fertilizer company. His Shawneetown, Ill., terminal is targeted to go live Dec. 1 and is built to let wholesalers share the infrastructure bill.
CoBank projects the U.S. inland barge fleet shrinking about 17% by 2035 while USDA expects grain and oilseed exports to grow 9%. Operators who ship by river should plan for wider freight swings and a softer basis.
Kyle Bumsted of Allendale, Inc. says, “The way we rallied off our lows here on Friday and the bounce we saw here on Monday, it does feel like cattle put in some sort of intermediate low.”
Farm Journal Field Agronomist Ken Ferrie offers insights and counsel on how to go about making adjustments to your 2027 cropping plan.
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