Corn and soybeans are pushing higher after some surprises in the September USDA Supply and Demand Report. Wheat mostly lower. Livestock mixed. Michelle Rook gets analysis with Matt Bennett of AgMarket.Net.
A bullish set of fundamentals pushed corn prices to this high level, says Dan Basse, president of AgResource Company, and those factors could actually be getting more bullish.
Grain markets continuing to rally this week as the quick pace of planting isn't enough to overcome concerns about drought and dryness in the U.S. and Brazil.
Meteorologists say “favorable weather,” which includes timely rains and little extreme heat, might stick around for a while in most of the Corn Belt, especially to the East.
Donald Trump’s trade deal may have been short on details about Chinese agriculture purchases, but one thing seems clear: Brazil’s two-year, non-stop soybean bonanza will likely come to an end.
Last week it was announced China bought beans, but the country also cancelled a purchase. So, where do exports sit today? Also, how could soybean prices impact the acreage debate? Two analysts and an ag banker weigh in.