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LimelightPlayerUtil.initEmbed(‘limelight_player_449346'); Pro Farmer’s Chip Flory and Inputs Monitor’s Davis Michaelsen discuss input prices for this week’s Profit Briefing segment on AgDay TV.

In 2015-16, the attache expects the country to export 26.5 MMT of corn, down from 2014-15.

AGDAY

The move higher in crude oil futures last week was based on short covering and on rumors of an OPEC production cut. With the addition of Iranian supplies, OPEC’s output is now at 32.60 million barrels per day, roughly 1 million barrels per day above expected demand.

P&K producers have been playing prevent defense amid struggles in the agricultural sector. Potash remains oversupplied globally, but phosphate producers have been very conservative with their production strategy.

Meteorologist Gail Martell provides her weather insight.

Front-month oat futures have rallied more than $1 since the beginning of the year and are now at an unusual premium to front-month corn futures.