Market Analysis
It’s been almost a week since the USDA released its January crop production and World Agricultural Supply and Demand Estimates (WASDE) reports, showing a big corn crop became bigger and record-setting at 176.6 bushels per acre.
When the January crop production and World Agricultural Supply and Demand Estimates (WADSE) reports were released, U.S. Farm Report conducted a Twitter poll to see how, if at all, farmers would adjust their planting intentions for the spring after corn yielded a record high 176.1 bushels per acre.
When crop insurance prices are set March 1, zero in on your marketing plans. If prices come in higher than expected aim for higher marketing goals, whereas if prices come out lower be especially strategic when marketing.
Market Watch is a weekly overview of ag market price action compiled by Brugler Marketing and Management. It is informational in nature and not intended to be trading advice.
Market Watch is a weekly summary of ag market price drivers compiled by Brugler Marketing & Management. It is not intended to be trading advice. For more detail, call Brugler at 402-697-3623 or visit the web site.
Grain markets moved higher this week. July corn was up 46¢ and December corn was up nearly 31¢. July soybeans were up just over 48¢ while November soybeans were up 40¢. All wheat prices were up as well.
Wheat and corn continued to slide on Wednesday with a rebound in soybeans and livestock.
It was an ugly day in the ag markets on Tuesday with grain and livestock futures. Michelle Rook talked with John Heinberg of Total Farm Marketing about the sell off.
Grains ended mostly higher on Friday positioning ahead of the holiday.