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Where do the markets go post WASDE? Is the crop going to get smaller going into the September report with much of the heat hitting the crop after August 1? How much will more favorable weather help?
A risk off day has grains under pressure early with improved weather and outside markets reacting to China’s cut in interest rates. Livestock opened mixed with cattle higher on the pullback in corn, but hogs lower.
As we talk and argue about the same stuff, John Phipps says many crises in ag that alarmed us a decade ago, simmered to something like stalemates with no point of view dominating as we feared.
You have the opportunity to attend Pro Farmer Crop Tour nightly meeting or watch a brief broadcast online this year.
Dutch researchers think it’s possible to modify the weather in one of the driest regions in the world, the Sinai Peninsula, and restore a green, fertile plain by restarting the area’s water cycle.
Corn production is down 5% from last year, forecast at 14.4 billion bushels; soybean growers are expected to increase their production 2% from 2021, forecast at 4.53 billion bushels,