News
The Farm Journal September Ag Economists’ Monthly Monitor makes it clear: Working capital is thinning, export markets are shaky and long-term crop margins could get ugly. But for now, one thing is still keeping its strength: Americans’ appetite for beef.
There’s light at the end of the tunnel, but we might not see it completely turn around for two to three years,” says Grant Gardner, University of Kentucky ag economist.
Farm Journal’s September Ag Economists’ Monthly Monitor found nearly half of the ag economists surveyed say the U.S. ag economy is worse off than a month ago and will remain depressed or even worsen over the next 12 months.
Corn and soybeans did not stray far from unchanged in the overnight session while wheat gave up a chunk of yesterday’s gain.
Grain markets slightly down overnight
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Gains were seen across the grain and soy complex overnight.