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Jon Scheve with Scheve Grain says soybeans are seeing follow through buying on Wednesday as more farmers are storing soybeans this fall and waiting for an improvement in basis and/or prices with the possibility of a China trade deal.
After a season that started strong and steady, Iowa farmers are facing disappointing corn yields as southern rust and heavy summer rains take a bite out of what could have been record crops.
From beef-on-dairy calves fetching record prices to $11 billion in new processing plants, U.S. dairy is riding a wave of momentum fueled by consumer demand for protein and historic levels of investment.
Various programs and reports are on hold. Among them are EQIP and SDRP. Also in jeopardy of being delayed or cancelled is the October WASDE, due this Thursday.
November soybean futures ended 4 1/4 higher on Tuesday with some short covering and buying on hopes of trade aid or an upcoming China trade deal according to Rich Nelson of Allendale, Inc.
For the fourth straight year, water levels in the Ohio and Mississippi Rivers will soon be critically low.
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