Farm Journal Live: CFAP Details with Jim Wiesemeyer

Farmers have to manage 2027 costs around a supply crunch driven by the Strait of Hormuz, European gas prices, and falling corn prices. The FIELDS awards committed $1.34 billion to eight domestic fertilizer projects on Oct. 22, and Josh Linville of StoneX says it is a real step in the right direction that still falls well short of what farmers need.

Farmers who sold outright on the rally handed elevators the grain, the financing and the margin-call exposure. CoBank’s Tanner Ehmke says that could slow basis gains as the 2026 crop moves to market.

NASS says incorrect acreage weights for irrigated and nonirrigated fields affected September corn yield estimates for Kansas, Nebraska and the U.S. The agency’s October forecast remains unchanged.