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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Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
Market analysts says the September WASDE did not fully account for the disease pressure and dry finish in the East in both the corn and soybean crop.
Jerry Gulke, president of the Gulke Group, says USDA also confirmed record demand at 16.1 billion bu. That estimate struck him as one of the most important parts of the September report.
Chip Nellinger with Blue Reef Agri-Marketing says corn rallied on Friday in reaction to USDA’s 2.1 bu. per acre yield cut to 186.7 bu. cut he thinks there are bigger cuts yet to come.
Oliver Sloup and Marlin Bohling close out the week, Grains managed to rally in Friday’s trade, despite a largely bearish USDA report. We often refer to this as a fundamental rejection, which may indicate that the market has digested the bulk of the bearish headlines. Is there more upside ahead? Tune in!
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The USDA just released their monthly WASDE report which showed some interesting changes for corn and soybeans. Here’s a look at the numbers.
The Association of Equipment Manfacturers (AEM), in partnership with leading ag groups, has released an updated report detailing the significant benefits of precision agriculture across the United States.
Scott Varilek with Kooima Kooima Varilek says live and feeder cattle futures are higher again on Friday morning with the third day of recovery after Tuesday’s melt down. They need to close above Thursday’s highs to have a shot at retesting the record highs.