Corn
Chip Nellinger with Blue Reef Agri-Marketing says corn rallied on Friday in reaction to USDA’s 2.1 bu. per acre yield cut to 186.7 bu. cut he thinks there are bigger cuts yet to come.
Market analysts says the September WASDE did not fully account for the disease pressure and dry finish in the East in both the corn and soybean crop.
The Association of Equipment Manfacturers (AEM), in partnership with leading ag groups, has released an updated report detailing the significant benefits of precision agriculture across the United States.
Scott Varilek with Kooima Kooima Varilek says live and feeder cattle futures are higher again on Friday morning with the third day of recovery after Tuesday’s melt down. They need to close above Thursday’s highs to have a shot at retesting the record highs.
Garrett Toay with AgTraderTalk says while he thinks the corn and soybean crops are getting smaller he’s not sure if it will be reflected in the September WASDE.
Mike Minor of Professional Ag Marketing says last year USDA raised yield .5 bu. in the September report and left soybean yield unchanged, despite dry conditions to finish the crop.
Darren Frye with Water Street Solutions says grains saw technical selling pressure ahead of the WASDE. The agency doesn’t normally make huge changes in the September report and the market may be more worried about demand than supply.
Craig Turner with StoneX says corn and soybeans drifted early Wednesday ahead of the September WASDE as the market tries to determine how much USDA will lower yield.
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Naomi Blohm with Total Farm Marketing says grain markets saw profit taking after the higher closes on Monday. And the ugly day in the cattle market was tied to technical selling.
Allison Thompson with The Money Farm says grains were quietly mixed early Tuesday positioning ahead of the September WASDE. She expects USDA to modestly cut corn and soybean yields but they could also cut demand.
Dave Chatterton with Strategic Farm Marketing says corn and soybeans saw a technical bounce and buying after holding chart support.
Agronomic specialists are encouraging farmers to make their corn harvest plans now, prioritizing which fields to combine first and so forth. Evaluating how well the crop is standing on a field by field basis can help you plan the process and minimize having to pick up down corn.
Brad Kooima, Kooima Kooima Varilek, says the uptrend line on the cattle charts is also starting to be violated but that isn’t the only thing he’s watching for a signal of a bigger correction.
A new study from The University of Illinois shows how much money a farmer can expect to spend while running their favorite brand-new farm tractor this fall. Prepare for sticker shock.
Jerry Gulke, president of the Gulke Group, says corn was slightly lower for the week but held support. The performance was a victory, considering the large infusion of bearish news the corn market had to absorb.
Kent Beadle with Paradigm Futures says corn futures ended lower on Friday on profit taking and were down nearly 2-cents for the week. However, December still held the 50-day moving average.
Randy Martinson, Martinson Ag, says corn is working on its third higher weekly close, which continues to help confirm the fall low set on August 12. Soybeans are still looking for China export business but could they be buying under unknown destinations?
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Kevin Duling with KD Investors says corn shook off early losses after bouncing off support on the charts.
High disease pressure and moisture variability could make for a tricky fall harvest season in the Midwest. Lean on these crucial combine settings adjustments to help you hang onto as many kernels as possible.
Brady Huck with Advance Trading says corn and soybeans continue to see profit taking and consolidation after the recent run off the August lows. Currently both markets are testing key support that needs to hold.
Jim McCormick with AgMarket.Net says corn saw some profit taking after hitting chart resistance as the December contract neared $4.25, which coincided with the 38% retracement level.
Kernel depth and fill contribute significantly to yield in newer hybrids. It’s one reason a ‘Hail Mary’ fungicide pass might still offer ROI and keep corn standing until combines roll.
Infection may not directly impact herd health, but it can have implications for nutritional management.
Rich Nelson, Chief Strategist with Allendale, Inc. says corn was lower Wednesday, seeing some profit taking after getting overbought but the rest of the grain and livestock complex were also lower.
The amount of damage that can occur in crops depends largely upon these factors — how cold it gets and for how many hours, and the plants’ stage of development.
Mike Zuzolo, Global Commodity Analytics, says soybeans saw risk off selling as China aligned itself with Russia and India, which signals no deal between the U.S. and China any time soon.
A prematurely collapsing ear shank stops grain fill, leading to yield reductions that can reach as high as 40%.
Brad Kooima of Kooima Kooima Varilek says live and feeder cattle futures are back into new contract and all-time highs after showing considerable resilience last week and despite a selloff in the equities. Grains sell off on tariff concerns.