Markets - General
Grain markets linger near significant resistance, will the market be able to breakout and start another leg higher?
There is uncertainty about the Farm Bill’s progress due to potential changes in the political landscape. One thing is certain: farmers need a new Farm Bill.
FAPRI Updates Ag Baseline Projections, Painting a More Negative Picture for Soybean Prices Than USDA
In the absence of new shocks to the weather, the macroeconomy or policy, FAPRI projects prices will generally remain near current levels over the next five years.
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor.
Pro Farmer Crop Tour wrapped up Thursday night, and to summarize the week, scouts found record yields in portions of the Eastern Corn Belt, but a more variable crop in the West.
A Harris administration would likely continue the “climate-smart” initiatives in the Inflation Reduction Act, but a second Trump administration would put the future of sustainable aviation fuel in question and extend the use of liquid fuels.
The latest WASDE report from the USDA forecasts record-breaking yields in five of the states Pro Farmer Crop Tour will tour —Indiana, Illinois, Iowa, Nebraska and South Dakota. Illinois could see an amazing average corn yield of 225 bu. per acre.
Cattle futures were able to firm in Tuesday’s trade as the market continues to repair some of the technical damage that was done in the prior two weeks. How much more upside is there?
Grain futures got hit hard in Tuesday’s trade but are holding their own in the early morning trade with soybeans trading into positive territory.
Here is the link to the anonymous two-minute survey for you to share with us what’s happening in your ‘neck of the woods.’