Corn

New crop corn closed lower for the week and made new contract lows but there was at least one silver lining in the technical action according to Jerry Gulke, president of The Gulke Group.

Camaraderie is cathartic. It lifts spirits, gives encouragement and reminds all of us we are valuable. Check out what farmers have to say about this year’s corn crop – the good, the bad and the in-between – and may their experiences lighten your load in the process.

Scott Varilek, Kooima Kooima Varilek, says cattle saw some early profit taking pressure after contract and record highs again Thursday. However, the cattle futures have been resilient and every break seems to get bought, which is a good sign of a bull market.

Randy Martinson, Martinson Ag, says grains markets all closed higher on Thursday as they were oversold and due for a corrective bounce.

A crop-protection startup is using AI and machine learning to identify and develop new active ingredients it says will help farmers solve issues like weed resistance faster and more economically.

Low-hour, like-new tractors, combines and even skid steers are drawing solid bidding activity, and the guys preview fall auction season and offer their best advice to get your auction in front of the right buyers.

Sam Hudson with Corn Belt Marketing says corn made contract lows again Wednesday as funds continue to sell on record yield estimates from private firms. However, the pressure is about more than just yield.

Greg McBride with Allendale, Inc. says soybeans and wheat saw early strength on Wednesday but the markets have struggled to hold gains with corn making new contract lows again.

Mark Hanna plays defense and offense with a winning strategy

USDA reports 73% of the corn crop nationally is in good to excellent condition – a 5% increase over this same time in 2024. Industry analysts believe the Aug. 12 Crop Production report will boost its estimate for the 2025 crop because of the overall favorable growing season.