Corn
Don Roose with U.S. Commodities says the bearish USDA report news has been largely factored in but corn and soybeans are establishing new lower trading ranges.
A new multi-state monitoring network using unique diagnostic tools is hard at work, identifying herbicide-resistant weed populations faster so farmers can get a leg up on control before the problem gets totally out of hand.
Corn and soybeans try to bounce Wednesday morning. Vince Boddicker with Farmers Trading Company says some of this is short covering or corrective buying as the market was oversold but he’s not sure the bearish USDA news is all digested.
Brian Grete with Commstock Investments says the corn market is still trying to digest the shock of USDA’s January reports. March corn futures came within striking distance of the Aug. 12 low at $4.10.
Brad Kooima with Kooima Kooima Varilek says strong cash has been supportive of the cattle futures and he expects a higher week in the fed market again this week. Grains are still digesting USDA’s bearish reports.
Arlan Suderman, chief commodities economist with StoneX says the move surprised him even though their customer survey’s during the season had yield at 186 bu.
Ken Ferrie gives some practical tips on how you can rely more on facts and less on your gut to reduce management mistakes and achieve better cropping outcomes.
Jerry Gulke, president of the Gulke Group, says many farmers believe that corn and soybean yields need to be cut but he will be watching the ending stocks for direction.
Darren Frye with Water Street Solutions says the trade guesses are fairly conservative with not many changes expected. However, that is not the history of the January reports. So could there be a surprise?
If you want to plant early this spring, agronomists say to remember that fit soils and good weather are far more important guides to follow than the date on your calendar.