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AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, talks about why grains soared after the USDA Reports and what it will take to continue that momentum.

The October WASDE was slightly bullish for soybeans and corn, bearish for wheat. However, the markets rallied after the WASDE led by soybeans.

Weather woes took a huge bite out of corn yield potential this season, especially in northeast Iowa and parts of western Illinois. Where farmers got timely rains, the yield reports coming in are not as wide-ranging.

Corn yields can swing 100 bu. to the positive or negative in some hybrids today based on nitrogen use that supports kernel depth. Tune into hybrid characteristics, and avoid “gapping” nitrogen and volatilization.

Soybeans up as U.S. stocks unchanged, global stocks cut. Corn carryover also sees a deeper drop. Wheat follows despite bearish report. Cattle price in steady to higher cash. Mike Zuzulo, Global Commodity Analytics.

November soybeans rose 37 1/2 cents to $12.90, the highest close since Sept. 28, after reaching a near four-month low overnight.

This blog describes some steps taken in local and state jurisdictions to restrain the rate of groundwater withdrawal, but most parts of the country have taken no action in this area. A more holistic approach is needed.

The October WASDE was friendly for soybeans with ending stocks unchanged and global stocks cut 3.6 mmt. Corn ending stocks were lowered 110 mb. Wheat numbers were bearish. Jim McCormick of AgMarket.Net has more.

The online tool from the SCN Coalition is free and easy to use. It’s backed by research done on more than 25,000 university soybean research plots across the U.S.

The 2023 harvest could be one of the fastest ever for some farmers in Illinois with the late dryness. Despite growing conditions that mirrored past drought years like 2012, many say the crop is better than expected.