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Randy Martinson with Martinson Ag says grains saw fund short covering and profit taking building on higher weekly closes. There was also some money flowing into the grains with the stock market melt down. However, buying also stemmed from weather and ideas of lower yield and crop conditions in corn and soybeans.
USDA’s Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Economists say the net farm income picture would look even worse it weren’t for improved livestock prices.
Jim Rothermich of Iowa Appraisal joins the Top Producer podcast to share what he’s tracking in farmland auctions.
Estimates show Argentina’s corn acres could be down 20% due to damaging pests and low prices as crop insurance becomes a focus in the U.S.
Jon Scheve discusses the performance of his grain marketing strategy to average farmers.
Bryan Doherty, Total Farm Marketing, shares what he’s looking for this week in the markets to prove last week’s higher closes in the grains wasn’t just a head fake or a bear trap.