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Dr. Joe Outlaw, “I think the biggest reason the U.S. won’t see a crisis like the 1980s again is the federal crop insurance program.”
Surprising Cut to Corn Yields and North Dakota’s Planting Nightmare Show Crop Supplies are Shrinking
Despite USDA releasing a forecast for a record soybean crop for a second year in a row on Thursday, soybean prices skyrocketed Friday. USDA trimmed the national average corn yield, yet corn prices closed lower Friday.
The week started out in a downward trend but ended on a high note due to continued planting delays and lower USDA crop projections.
There have been only five other years when USDA went with an initial sub-trend yield due to slow plantings . . .
We’ll start with the good news: The April data market saw a slight easing in the financial metric. The bad news: Inflation is still near 40-year highs.
According to Purdue University, the tree easily spreads to forests and parks, where it crowds out native plants at a rate that has earned it a spot on the invasive species list.