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AgDay TV Markets Now: Brian Grete, Pro Farmer, talks about the big rally in soybeans and meal and if prices will climb past $14 resistance, plus corn scores a key reversal.
East-central Texas farmers battled historic heat, along with no rain during the heart of the growing season. The outlook on the cotton crop was bleak, but one Texas farmer says cotton harvest produced several surprises.
According to USDA’s crop progress report, 88% of corn and 95% of soybeans have been harvested so far.
An extension of the current farm bill is now a reality. House and Senate Agriculture Committee leaders were able to extend the current legislation as a possible government shutdown looms.
Regardless of preferences or past assumptions on storage, Shay Foulk encourages growers to run the numbers to see if new or more storage makes sense in their operations.
Beans & meal up on SA weather, China export biz. Corn scores a key reversal but is it bottoming? Wheat is a reluctant follower. Cattle bounce off new lows. Hogs anticipate a cash low. Brian Grete, Pro Farmer, has more.