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Jim McCormick of AgMarket.Net, says South America is setting up for a record crop. “I think at this point Brazil will have a huge crop, 172 to 175 MMT, that’ll more than offset at what we lost here in the U.S.”

Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

Farm Journal’s annual Top Producer Summit, agriculture’s premier educational and networking event for forward-thinking farmers and ranchers, is set for Feb. 17-19, 2025, at the Loews Hotel in Kansas City.

Jerry Gulke, president of the Gulke Group, says as of Friday’s report, USDA has dropped corn ending stocks nearly 1 billion bushels from their initial estimate during the February 2024 Ag Outlook Forum when the agency projected carryout at 2.532 billion bushels based on trend-line yield.

Markets saw a double-digit rally as USDA says the 2024 corn and soybean crops were not as big as originally projected.

Prime Minister Justin Trudeau’s administration aims for a “dollar-for-dollar” response.

Shawn Hackett with Hackett Financial Advisors says it will be tough for corn to run to $5 because report just confirmed what the market already knew.

A quick rundown of some recent notable smart farming products and companies innovating electrified and autonomous solutions.

USDA lowered corn yield a whopping 3.8 bu. and soybeans 1 bu. which led to lower production and ending stocks.

He was a farmer, governor, president and international peace maker, but many people will remember him most as a man who put honesty and kindness above partisan politics. The nation paused yesterday to remember and honor the nation’s 39th president.