Corn and soybean traders brushed aside the unseasonably hot temps that caused crops in areas of the Corn Belt to shut down prematurely this week. Instead, traders focused on macroeconomic concerns and anticipation of harvest pressure. Corn and soybean futures are nearing their August lows and wheat futures posted new lows this week. Meanwhile, cattle futures posted weekly losses on cash market concerns and a softening of the Dow Jones Industrial Average, while lean hog futures worked to narrow the discount nearby contracts hold to the cash index.
We take a detailed look at the warning signs for farmland values -- and much more -- in this week's newsletter.
Pro Farmer Editor Brian Grete highlights this week's newsletter below:
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