AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Latest News
This article discusses the variables impacting the bean market and the likelihood of a price rally.
This article discusses the market variables impacting the market and the chances corn will hit $7.
It discusses the highlights of last week’s USDA report and how limited wheat supply may help corn and bean prices in the next marketing year.
This article discusses recent trades I made during a sideways corn market that helped me make additional profit.
Corn and beans continue trading within tight ranges. Yield estimates seem less certain than usual for this time of year. Therefore, a sideways market may be likely until the September USDA report is released.
On Thursday, the USDA decreased the estimated national corn yield more than the trade was expecting. In the last 15 years, only 4 had estimated final yields higher in the January report compared to August’s.
This week the corn and bean markets were dominated by upcoming weather uncertainty and Friday’s Supreme Court ruling against the ethanol industry and potentially the entire renewable fuels industry.
The market is trying to determine what the upcoming harvest yields will be. Early reports where harvest has started south of I-80 are positive.
This week’s USDA report had positive news for farmers, with both on farm stocks and planted acres being lower than the trade was estimating.
In 12 of the last 15 years December corn futures have had a pullback in August or September. This seasonal trend is usually due to several factors.