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Kent Beadle with Paradigm Futures says all but old crop corn saw more pressure with the risk off attitude regarding tariffs and with acreage estimates being released. Meanwhile, weather propelled cattle to fresh highs.
Less than a year after USDA’s National Agricultural Statistics Service (NASS) announced it was nixing a major cattle inventory report, the agency now says it’s reinstating the July Cattle Inventory report.
Tariff whiplash is consuming the commodity markets — and the possible impact is stirring up quite the debate. At present, President Trump says he’s sticking to his plan to impose additional tariffs on Canada, Mexico and China starting April 2.
Even with an improved outlook,Ever.Ag chief economist Lee Schulz says his forecast points to another tough reality: producers won’t get back to break-even levels on their balance sheets until August of this year, a testament to just how steep losses were in 2023.
Rich Nelson of Allendale says grains started lower and are quietly mixed awaiting tariff news and the big USDA reports at the end of the month. Allendale’s annual acreage survey confirms higher corn acres at the expense of soybeans.
Under 16 tons of granite, a farmer sleeps with a mystery at one of the most grandiose burial monuments in rural America.