Overview of USDA’s corn and soybean numbers in this month’s WASDE. Easy to find optimism in the corn market for now, but soybeans seem to be more along for the ride for the time being until we see some updated acreage numbers.
Join us for a recap of the last 4 weeks and a bonus interview with Mark Cullen, Chief Animal Nutrition Officer for Landus Cooperative. Mark will be discussing African Swine Fever and the impact on U.S. farmers.
Even with a Friday sell-off, both corn and soybeans rallied from last Friday’s close.
Markets continue to get support from planting delays, and more rain in the forecast doesn’t indicate this will end in the near future. Markets stumbled after details regarding a MFP were released on Thursday, but we finished strong for the 3 day weekend. Stay tuned after the market update for another agronomy segment regarding soybean seed varieties and prevent plant.
This week was marked by 2 events: a breakdown in negotiations with China, and the latest WASDE.
This week saw 5 days of positive action for corn in Chicago
Even with a little bounce at the end of the week for corn, it was a pretty ugly week for grain prices. This week we're discussing grain marketing fatigue and how to get some sales made. As always, we re-cap the happenings of the week.
Concern about African Swine Fever continues as precautions are taken for the Pork Expo in Iowa. USDA releases some uneventful WASDE numbers for April, and we are starting to see some progress in fieldwork despite some weather issues.