LimelightPlayerUtil.initEmbed(‘limelight_player_475279'); Brian Grete explains how we compile the Pro Farmer weighted Crop Condition Index and how to use the data in this week’s Pro Farmer Profit Briefing segment on AgDay TV.
The Fed said this week it’s more focused on global economic developments as it decides when to raise interest rates. Commodity markets are also watching China closely as its slowing economy is causing demand concerns.
The portion of crop that is headed is at severe risk below 30 degrees for two hours, while the jointed crop is at moderate to severe risk in areas where temps dropped below 24 degrees for at least two hours.
China has not actively cancelled U.S. soybean purchases, but is reportedly looking to wash out or defer delivery on up to 2.4 MMT of South American shipments.
