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This alternative storage tool can give your farm a little wiggle room to play the futures markets and capture more return-on-investment this fall.
Corn yield estimates in seven counties surrounding the community of Bloomington indicate farmers there will harvest an average crop, at best. That’s counter to what USDA predicts for Illinois yield results statewide.
If USDA predictions hold true, a massive U.S. corn crop is on the way.
Brian Splitt with AgMarket.Net says new crop corn fell to contract lows after the August WASDE in reaction to USDA’s eye-popping 188.8 bushel per acre corn yield. However, soybeans rallied with ending stocks falling under 300 million bushels.
As The old saying is that big crops get bigger, and that’s what the USDA showed today with a blistering hold yield estimate. Oliver Sloup and RFD-TV anchors break down todays WASDE report, tune in!
Jeff Hoogendoorn with Professional Ag Marketing says the grain markets were lower on China disappointment. Lean hogs continue to be supported by lower slaughter figures which could be a tailwind into 4Q.