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For 2022, the national average for cash rents on cropland is $148 per acre. That’s up $7 from last year and eclipsed the previous high of 2015’s $144 per acre.
There are high odds the harvest lows for grain prices were made in July, yet the seasonals suggest otherwise.
The Biden administration is expected to announce a rule this year that would detail annual biofuel blending mandates for the refining industry for a three-year period instead of just for one. . .
Grains see corrective buying on Friday with help from outside markets. Cattle close higher for the week, with hogs lower. Michelle Rook has the wrap up with Jim McCormick of AgMarket.Net.
Grains seeing corrective buying and help from outside markets, with good chart action in live cattle but a lower day in hogs following cash. Mark Schultz of Northstar Commodity joins Michelle Rook with analysis.
For 2022/23, the U.S. corn stocks-to-use ratio sits at 9.6%. Traditionally, a ratio under 12% suggests the need for more acres in the next growing season.