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China is taking steps to accelerate imports of Brazilian corn, diversifying supply at a time when the war in Ukraine has disrupted trade and tensions with the U.S. are high.
Ahead of the report, analysts expected a drop in corn yield, but not soybean yield — and the market responded quickly, says Bill Biedermann, AgMarket.Net co-founder.
Grains mixed reacting to the WASDE numbers and bullish soybean surprise. Livestock ended mostly higher. Michelle Rook has analysis with Chip Nellinger of Blue Reef Agri-Marketing.
USDA provided a bullish surprise for soybeans in the WASDE. Corn and wheat numbers came in below September, but above expectations. Live Cattle fail. Michelle Rook talks with Brian Splitt of AgMarket.Net.
Harvest results in Nebraska are understandably disappointing with some of the driest conditions during the season since the drought of 2012.
Farmland is still going for record amounts. Just look at this recent sale in Iowa. In Plymouth County, Iowa, a new record was set to the tune of $26,250 per acre.