Chip Flory Analysis of Crop Production and WASDE

Farm Journal Economist Chip Flory joins AgDay’s Clinton Griffiths for analysis of the WASDE and Crop Production reports.

Chip Flory
Chip Flory
(Farm Journal)

Farm Journal Economist Chip Flory joins AgDay’s Clinton Griffiths for analysis of the WASDE and Crop Production reports.

Watch a recording of the live video discussion below:

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Planting soybeans months before wheat harvest sounds risky. But farmers like Brian Tanner and Jason Mauck are finding the practice can dry wet fields faster, cut input costs, and give wheat a profitable place back in Corn Belt rotations.
Vince Boddicker with Farmers Trading Company says the market disregarded flash export sales for corn and soybeans and instead funds took some profits after a sizable rally staged in August and early September and before the WASDE.
Mike Castle with StoneX, says the risk off selling was tied to profit taking in the grain markets ahead of the September WASDE on Friday.
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“I’ve spent less than 35% of normal chemical costs so far this year,” Orin Romine says. “It’s not complicated. On my operation, the math works.”
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