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According to USDA’s crop progress report, 71% of corn and 85% of soybeans have been harvested so far, which is considerably ahead of the five-year average.
Several factors are leading economists to believe the price of corn will keep ethanol profits steady in the near future.
With the goal of updating and enhancing the farmer, retailer and manufacturer relationship, Growers unveils its latest apps.
Corn and soybean prices seem stuck. So, what catalyst could it take to move commodity prices higher? There are a few, but analysts say the reality is there’s simply no story at the moment.
Now the worry shifts to wars and attacks on two democracies (Ukraine and Israel), whether or not deficit spending by China can help regain its economic momentum, and risk of a U.S. government shutdown on November 17.
Political unrest, a healthy ag economy and the start of an election year. These are all reasons economists in the October Ag Economists’ Monthly Monitor think it could 2025 before Congress passes a new farm bill.