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The crop took it on the chin this season, with some Iowa farmers reporting huge yield losses as harvest gets underway. A one-time fungicide application helped, but it wasn’t enough to buck severe disease pressure, allowing it to return.
A growing crisis is silently unfolding in agriculture. Farmers are 3.5 times more likely to die by suicide than the general population. With mounting financial stress, that number could be on the rise this year.
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.
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