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Chuck Shelby, Risk Management Commodities, says soybeans were higher still digesting the positive news from the WASDE report and pulled corn higher. While he thinks this is bottoming action in the soybeans but what about corn?
This means the Conduit brand will not continue, and it clarifies the focus for the entity going forward—no longer offering crop inputs and other farmer-facing products, but rather solely offering ag retailers financing products and platforms to be extended to farmer customers.
Kent Beadle with Paradigm Futures says corn is following the soybean market early Wednesday after USDA shocked the market with a record 188.8 bu. yield and 2 million more harvested acres. So did the report bottom the markets?
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.
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