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Jon Scheve with Scheve Grain says corn and soybeans were seeing a technical bounce Tuesday with corn getting some extra help from early yield reports which are showing lower production than a year ago due to disease pressure, especially Southern Rust.
The government is forcing producers to pick between two poisons: Accept below-market offers for property or drown in legal costs.
Ted Seifried with Zaner Ag Hedge says after 10-cent gains on Friday the corn market saw some profit taking but also report hangover. The September WASDE was bearish for the corn market and traders had the weekend to finally let that soak in.
Tune in with Oliver Sloup and Marlin Bohling on Markets on the Move! Cattle futures came roaring back to start the week, retracing breakdown points from last week. Grain markets, on the other hand, saw a mixed day with corn taking the brunt of the pressure.
The crop is drying down rapidly, given the weather conditions across much of the country. Agronomists are concerned farmers will combine fields too late and advise starting at 13% moisture or even higher.
Applying lessons learned from its first portal launched seven years ago, the Nutrien Ag Solutions Hub brings forward solutions for how farmers work with its ag retail business.