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Grain markets have been quietly mixed to start the week; these are the levels to watch for to start this week’s trade.
The microbial product works as part of an integrated strategy to address SCN, the No. 1 yield-reducing pest problem in soybeans. Farmers routinely see yields cut by 5 bushels or more per acre in affected fields.
Brad Kooima, Kooima Kooima Varilek, says the market is staying intact and absorbing a great deal of bearish news including last week’s lower fed cash trade and lower cutouts.
Farmers will receive more payments under the changes to ARC and PLC programs, and the increase could be significant.
USDA’s Quarterly Stocks report on Tuesday provided a bearish surprise for the corn market.
Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.