Corn and wheat futures were lower early Wednesday seeing some profit taking after a higher close Tuesday says Darin Newsom, senior market analyst with Barchart.

Awaiting word on USDA ‘bridge assistance’

Darren Frye with Water Street Solutions says the market was adding some geopolitical risk premium with tensions rising in the Black Sea region.

USDA’s Brooke Rollins says the financial details will be unveiled next week. Some groups estimate payments could total in the neighborhood of $12 billion. “There’s people that can really use them. Everyone can use them…but we’re not getting real solutions,” says one Iowa farmer.

Many larger dairies report having biosecurity protocols in place, according to a Farm Journal survey, but there are gaps in the relevancy of plans, farm security, hygiene and herd health practices, and training.

The Dec. 1 sale in Sioux County not only sets a farmer-buyer record for Iowa, but according to Jim Rothermich, it highlights fierce demand for premium ground as lower-quality farms see more no sales.