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Market analysts attribute the strong beef demand to several factors including the consumer craze for protein.
Bryan Doherty with Total Farm Marketing says soybeans are seeing a slight bounce early in the session on trade news.
Cost of production is weighing heavy on farmers’ minds, and Shay Foulk shares steps to put things into perspective for marketing opportunities.
Eric Snodgrass, senior science fellow, Nutrien Ag Solutions says nighttime temperatures in areas of the Corn Belt could set new records which may have a negative effect on corn pollination. In fact, there’s evidence the record hot evenings the last 45 days have already taken a toll.
Rich Nelson of Allendale, Inc. says funds returned to sell in corn and soybeans on weak technicals, weather and crop ratings.
Last week during the USA Pulses Summit in Spokane, Wash., the group set a lofty goal: to double production and demand by the year 2030. That includes specialty crops like dry beans lentils and chickpeas.
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