Gulke Group's Jamie Wasemiller breaks down the impact of this week's WASDE report, CONAB production numbers for Brazil, crop insurance proposals and more.
Surprising Cut to Corn Yields and North Dakota's Planting Nightmare Means Crop Supplies are Shrinking
Despite USDA releasing a forecast for a record soybean crop for a second year in a row on Thursday, soybean prices skyrocketed Friday, with the May contract closing 63¢ higher on the day. July soybeans shot up 32¢.
20 MMT of Grain Trapped in Ukraine, Port Solution Needed in 60 Days
Right now, Ukraine’s grain silos are full,” says David Beasley, executive director of the World Food Programme. “At the same time, 44 million people around the world are marching toward starvation."
Corn Yield Shocker: USDA Drops National Yield to 177
USDA made a historic move with its May 12 WASDE report. Before today, USDA had only lowered the national average corn yield below trendline in its May report five times.
While no one knows where commodity prices are going, Mark Hobrock, director of sales for the Andersons, would put money on one market factor: volatility.
Are your fields muddy, dry as a bone or just right? Are planters rolling? Crops emerging? Share what's happening on your farm — heck, you can even send us a photo — at AgWeb’s Crop Comments.
