Despite lower yields, the September WASDE was disappointing for the bulls. The national average for corn is forecast at 173.8 bu. per acre, down 1.3 bu. from August. The soybean yield of 50.1 bu. per acre is down 0.8 bu. Ted Seifried, Zaner Ag Hedge, breaks it down and talks about what it means for prices in a 10-min. video with AgDay’s Michelle Rook. They also chat about cattle hitting new highs but then reversing despite lower corn.
WASDE Disappoints the Bulls, So What Does It Mean for Prices?
Despite lower yields, the September WASDE was disappointing for the bulls. Ted Seifried, Zaner Ag Hedge, breaks it down and talks about what it means for prices.
September 12, 2023 12:39 PM
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Payments to cover in-field fuel costs expected by year’s end as farm aid tops the 2020 pandemic-era record of $45 billion
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
