USDA Makes Big Assumptions About New Crop͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | Jerry Gulke: May WASDE a Real Game Changer | | A bearish reset of the corn and soybean markets is underway as they transition from tight drought-stricken old crop supplies to record, or near-record, production levels in 2023/24. | | | |
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| | Why USDA is Making Major Assumptions About New Crop Supply and Demand in May WASDE Report | | The May WASDE report is the first look at the new crop balance sheets. As old crop demand continues to be an area of concern, much of the trade was watching to see how aggressive USDA would be with new crop supply and demand estimates. The biggest surprise, according to one analyst, came in wheat. | | | |
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| | | Does Corn Have to Rally? With old-crop corn bouncing 30 cents off the lows last week, Jon Scheve summarizes the market factors contributing to current price movement — and the reasons prices could rally. Read More |
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| | Carbon’s Next Chapter On The Farm A yet-to-be-realized provision in the Inflation Reduction Act could be the key for farmers to engage in measuring the carbon intensity (CI) of their grain. “If you raise 200 bu. corn with a CI score of 0, that’s $1.57 per bushel and an extra $314 in value. Now, the ethanol plant isn’t expected to share 100%, but it could be 25% to 30%," says Paul Neiffer, a farm CPA. Read More |
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| | This Week on USFR | | Matt Bennett with AgMarket.net and Joe Vaclavik with Standard Grain talk markets this weekend on U.S. Farm Report. | | | |
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