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While USDA’s crop condition ratings don’t translate to a specific yield, with strong conditions, analysts say it’s possible the U.S. will see a national record corn yield this year. Current market chatter is a national corn yield anywhere from 185 bu. to 200 bu. per acre.

Take a break from the used equipment auction shop talk and go on a fun journey with our hosts on this special midyear edition of the Moving Iron podcast.

Scott Varilek of Kooima Kooima Varilek says cattle futures are trading higher building on Wednesday’s big reversal which was initially triggered by trade news but then better than expected cash trade added to the rally. Grains are also higher on hopes of an announced deal with China.

That percentage doesn’t tell the complete story, however. While farmers in the West and southeast Texas have endured weeks of dry conditions that’s not been the case in the central Corn Belt where growing conditions have been excellent.

Grain markets were sharply higher in Wednesday’s trade as we approach a long weekend and the risks that come with it.

Oliver Sloup, Blue Line Futures, says it was a combination of short covering and technical buying heading into a long holiday weekend but the announcement of a trade deal with Vietnam also provided a spark.

The company says this new merged business brings strategic benefits in a transformative business combination.

The deal, according to President Trump, allows the U.S. “total access” to Vietnam’s markets with a zero tariff on U.S. products exported to Vietnam.

Scott Beck says the family-owned business markets seed corn in 23 states now, with Nebraska ranking fifth in the total volume of seed units sold. Once finalized, this latest acquisition will be the company’s furthest west production facility.

Allison Thompson withThe Money Farm says some of recovery in corn is a technical bounce off of new contract lows in both old and new crop contracts on Tuesday. She thinks the corn market has also been getting ahead of itself and is too bearish on yield.