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Fifty-three percent of agricultural economists surveyed in the July Ag Economists’ Monthly Monitor say the row crops side of agriculture is currently in a recession, which is down from the 72% who responded that way in May.
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NCGA’s Krista Swanson says it would take about 226 bu. of corn to buy a ton of ammonium phosphate, which is up from the 180 bu. it took at the beginning of this year. As fertilizer costs are on the rise, corn prices are now at or below $4, and it’s creating a grim outlook for 2026.
Camaraderie is cathartic. It lifts spirits, gives encouragement and reminds all of us we are valuable. Check out what farmers have to say about this year’s corn crop – the good, the bad and the in-between – and may their experiences lighten your load in the process.
Scott Varilek, Kooima Kooima Varilek, says cattle saw some early profit taking pressure after contract and record highs again Thursday. However, the cattle futures have been resilient and every break seems to get bought, which is a good sign of a bull market.
Randy Martinson, Martinson Ag, says grains markets all closed higher on Thursday as they were oversold and due for a corrective bounce.
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