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Lane Akre, economist with Pro Farmer, says the corn made new highs on Friday but may have to go higher with their big yield cut of 7.5 bu. from USDA’s August estimate.
Union’s counteroffer exceeds company proposal by roughly $500 million as workers prepare to vote on contract extension.
Pro Farmer Crop Tour scouts discovered a corn crop that didn’t live up to expectations, with Pro Farmer pegging the national yield at 173.2 bu. per acre, well below USDA’s 180.7 current estimate.
Pro Farmer National Forecast: Corn Falls Short of Last Year’s Record, But Soybeans Eye New Milestone
Scouts say early-season weather stress reduced corn ear counts and grain length and cut stands across the Corn Belt, but above-average soybean pod numbers mean farmers could harvest a record bean crop this fall.
Scott Varilek with Kooima Kooima Varilek says the Truth Social post from President Trump that 300,000 MT of beef imports will enter the U.S. duty free over the next 90 days to lower beef prices tanked the cattle market early Friday.