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Grains all lower midday even soybeans after pushing above $12 in the May contract. Allendale also releasing their annual acreage survey, we look at the results with Rich Nelson and why cattle failed.
Wheat is lower and dragging corn with it, while soybeans and products extend gains. Cattle higher with live cattle making near term highs and so is crude oil. Darin Newsom, Barchart, has analysis.
It’s been said high-yielding corn needs 25" of moisture per acre per year. In 2023, when Mother Nature didn’t cooperate, management strategies to retain moisture coupled with new traits made a difference at harvest.
AgDay TV Markets Now: Don Roose, U.S. Commodities says grain markets have priced in the most bearish news and are adding risk premium. However, what will it take to get corn over $4.50 and soybeans over $12?
In a year with razor-thin margins, at best, corn and soybean growers can use a variety of new technology and tried-and-true agronomic tools to score higher yields this season.
Corn & soybeans end steady after hitting chart resistance. But Don Roose, U.S. Commodities, says they’re adding risk premium. Wheat fell with China cancelling French wheat. Live cattle make new highs as hogs stall.