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Beyond China’s political goodwill purchases and Brazil’s soybean showdown, the U.S. is eyeing a 30% surge in domestic processing. To stay resilient, farmers are advised to focus on profit margins rather than volume.
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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
Corn and soybeans saw modest selling pressure overnight while wheat saw relative strength.
The January Ag Economists’ Monthly Monitor shows high input costs, weak prices, policy uncertainty and eroding trust in data have pushed many producers from planning for profitability to fighting for survival.
The change results in a slightly lower carryout compared to previous expectations