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Grains lean lower on WASDE hangover & eyeing SA weather, corn made a new low. Cattle 2-sided trying consolidating after fund selling & lower cash, hogs chop. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
The Last Acre Act would help expand high-speed internet access across eligible farmland, ranchland and farm sites. At least 15% of farms and ranches have no access to the internet today.
USDA raised yield, production and ending stocks for both corn and soybeans in the November WASDE leading to a bearish reaction in the markets.
AgDay TV Markets Now: Don Roose, U.S. Commodities, talks about how the grain markets reacted to the bearish USDA Reports and huge flash soybean sales.
USDA upped its corn yield estimate by nearly 2 bu. to a 174.9 bu. per acre national yield. The agency also increased its demand estimate, which softened the potential blow of such a big jump in production.
Pro Farmer recaps today’s price action with fundamental and technical analysis.
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