Markets - General
AgDay launched in 1982 by satellite on a handful of local affiliates. Today, viewers watch the agriculture news program on 121 affiliate stations and RFD-TV, reaching more than 53 million viewers each year.
You have the opportunity to attend Pro Farmer Crop Tour nightly meeting or watch a brief broadcast online this year.
Corn production is down 5% from last year, forecast at 14.4 billion bushels; soybean growers are expected to increase their production 2% from 2021, forecast at 4.53 billion bushels,
This structure (or forward curve) in corn and soybean futures should have you focused on this fall’s “Priority 1 bushels.”
Chicago Board of Trade wheat futures fell on Wednesday, touching a six-month low with traders saying that newly harvested supplies were able to meet the current global demand.
“There are still more questions than answers, but we did get a vessel out the door,” says Dan Basse, president of AgResource Company.
The weather wasn’t the only catalyst that sparked a soybean rally this week. Naomi Blohm and Matt Bennett discuss why the markets were extremely sensitive to the hot and dry August forecasts and potential market risks.
Extreme heat spread into the majority of the western Corn Belt to end the week. Some farmers are seeing a worst-case weather scenario for crops now pollinating. So, why did markets drift lower for much of the week?
If you haven’t priced any of this year’s expected corn production, you’re not alone. Two market analysts share advice.
Triple digit heat blankets the Southwest this week, and forecasters expect the ridge of high pressure to park over the western Corn Belt next week. AccuWeather projects U.S. corn production could be severely impacted.