The markets have responded to last Friday's bullish corn and wheat reports as expected. Today's steep rally in the soybean market was perhaps a little stronger than many anticipated. The fact is, no matter how you slice the corn and soybean numbers, the bottom line is that little price rationing has occurred. Here are a few more points to consider. "Other" Feed Grains
The market focuses on the major feed grain crop, and that is corn. The U.S. sorghum outlook also changed considerably last Friday. USDA added 50 million bushels of feed use because the stocks simply aren't there. To keep sorghum ending supplies above zero, USDA had to reduce the sorghum export forecast by 35 million bushels. We are or will be out of sorghum as well. Sorg...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
