Corn
Joe Kooima with Kooima Kooima Varilek says the cattle were down early Friday pricing in the plant closure news, but this time seems different regarding the long term implications for the market.
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Sam Hudson of Corn Belt Marketing says the grain rally on Wednesday was impressive but ran out of steam.
From fragile Wisconsin ground to deep Illinois prairie, Andy Benson and Ryan Frieders are adapting their soil-management practices to keep inputs working effectively, yields improving and their respective farms on course for a brighter future.
Kyle Bumsted of Allendale says corn was taking a breather after 20 cent report gains on Wednesday. Cattle and hogs were down hard.
Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
Increasing numbers of corn and soybean growers are looking for lower-cost inputs to preserve and protect yields.
USDA’s August report cut corn yields by 2.3 bushels per acre while strong export demand tightened ending stocks, avoiding the bearish surprise traders feared from last year.
Over the next several weeks, growers will be determining how much yield potential remains in their corn and soybean crops impacted by damaging rains and wind storms.
Rich Nelson with Allendale says grains saw selling pressure as there are plenty of questions regarding USDA’s numbers especially after last August’s yield and acreage shock.