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Weather woes took a huge bite out of corn yield potential this season, especially in northeast Iowa and parts of western Illinois. Where farmers got timely rains, the yield reports coming in are not as wide-ranging.
Corn yields can swing 100 bu. to the positive or negative in some hybrids today based on nitrogen use that supports kernel depth. Tune into hybrid characteristics, and avoid “gapping” nitrogen and volatilization.
Soybeans up as U.S. stocks unchanged, global stocks cut. Corn carryover also sees a deeper drop. Wheat follows despite bearish report. Cattle price in steady to higher cash. Mike Zuzulo, Global Commodity Analytics.
November soybeans rose 37 1/2 cents to $12.90, the highest close since Sept. 28, after reaching a near four-month low overnight.
This blog describes some steps taken in local and state jurisdictions to restrain the rate of groundwater withdrawal, but most parts of the country have taken no action in this area. A more holistic approach is needed.
The October WASDE was friendly for soybeans with ending stocks unchanged and global stocks cut 3.6 mmt. Corn ending stocks were lowered 110 mb. Wheat numbers were bearish. Jim McCormick of AgMarket.Net has more.
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