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USDA February Report observations and highlights that will impact farmers short and long-term.

New Crop Futures Prices Dry weather concerns in the Dakotas and possible ridging in the western corn belt has pushed some risk premium into the markets. December corn closed at $5.91, up 91 cents in 6 trading days.

Corn demand from China has increased dramatically over the last few months causing corn to rally $2/bu from August lows. What is causing this?

While temperatures were nearing normal last week on our farm in southeast Nebraska, a cold front has pushed in and put a stop to any planting progress.

This week’s biggest story was the inverse spread between the May and July contracts. Generally, inverses indicate the market is short on supply.

Which USDA Reports Should Farmers Give Their Attention To?

Over the last 5 trading sessions corn dropped 90 cents, while beans were nearly unchanged.

China’s purchasing of corn and beans is the biggest factor impacting the market right now.

Last week May corn prices blew past $6, and then a few days later $6.50.

The FSA administrator dives into farmer financing, programs, vaccine rates and more.