Farmers in Minnesota are starting to get more soybeans and corn harvested after some dry weather.

The latest crop production report has USDA factoring in record corn and soybean crops, even though states like Ohio had weather extremes this growing season.

On U.S. Farm Report, analysts Tommy Grisafi and Mike North discuss what caused this soybean rally and how long it’s been since corn has been more than $5.

Weather challenges in the Southern Hemisphere could send U.S. soybean prices higher, says DuWayne Bosse, a producer and market analyst with Bolt Marketing.

Many farmers are focused on bringing in the harvest and mapping out marketing decisions for the fall and winter. Yet there are plenty of entrepreneurs willing to look past rows of corn and soybeans to the potential profit locked inside unusual plants. U.S. producers are investigating sales possibilities for crops such as hemp, pawpaw fruit and edamame, three different crops with similar challenges. Farmers who intend to grow them must learn all of their agronomic needs, crunch the numbers on costs and ensure the necessary infrastructure is in place to process and market them. For those who break into a niche, the revenue can be tremendous.

So far, favorable South American weather forecasts support estimates of increased crop production in Brazil and Argentina. As a result, some analysts are betting on bigger U.S. ending stocks.

Brazil ‘s government grain agency CONAB raised its estimates Tuesday for record bumper crops of soybeans and grains.

Brazil’s farm economy will rebound in 2017 with a record harvest pushing up grain exports and expanding the country’s livestock industry, according to analysts’ forecasts.

2017 looks to be bearish soybeans, but bullish corn. This week’s U.S. Farm Report analysts break down the dynamics of the market and why producers need to have a plan.

A new service announced today gives farmers the chance to compare with other farmers the prices they pay for seed.