Wheat
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
Randy Martinson with Martinson Ag says soybeans were back higher on Thursday with more confirmed soybean export business as China bought another 10 million bu. and unknown destinations accounted for 8 million bu.
Vince Boddicker with Farmers Trading Company says the market disregarded flash export sales for corn and soybeans and instead funds took some profits after a sizable rally staged in August and early September and before the WASDE.
Planting soybeans months before wheat harvest sounds risky. But farmers Brian Tanner and Jason Mauck find it dries wet fields faster, cuts input costs and gives wheat a profitable place back in Corn Belt rotations.
Mike Castle with StoneX, says the risk off selling was tied to profit taking in the grain markets ahead of the September WASDE on Friday.
Mark Schultz with Northstar Commodity says wheat was adding geopolitical premium on Tuesday as peace talks failed over the weekend but the grain complex was also positioning ahead of the USDA reports.
Brad Kooima with Kooima Kooima Varilek says the presidential executive orders will not have any immediate impact on the cattle industry or the market.