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Grains sell off with bulls disappointed in a 300 mb ending stocks figure for soybeans, lower corn yield offset acreage, while U.S. wheat numbers were slightly bearish. Brian Splitt with AgMarket.Net.
John Smith is growing 137 acres of wide-row cluster corn planted directly over his water source. Essentially, he is taking his corn to the well.
Grains mostly higher with report positioning & spillover from friendly CPI data. That’s supporting hogs and live cattle are making new highs. Allison Thompson, The Money Farm, has details and a preview of the WASDE.
Thieves are ripping off yield monitors and navigation systems, many of which retail for $4,000-plus. Some authorities speculate the tools are sold on the black market abroad for use as is or pieced out for their parts.
Purdue reports a 40.7% increase in U.S. Agricultural Confined Space-Related Injuries and Fatalities from 2021 to 2022.
AgDay TV Markets Now: Arlan Suderman with StoneX discusses what changes he expects in the WASDE and why USDA will lower yield.