Pro Farmer
Elevators face rising interest, storage and freight costs as harvest accelerates. Here’s why that could widen cash basis and hit local bids.
NASS says incorrect acreage weights for irrigated and nonirrigated fields affected September corn yield estimates for Kansas, Nebraska and the U.S. The agency’s October forecast remains unchanged.
Hillari Mason, Spencer Langford and Bill Watts break down USDA’s September mistake, explain why the soybean market is sinking after Brazil’s surprise election result and take a close look at the latest Cattle on Feed report.
Soybeans lead weakness overnight with corn following lower.
Surprise election result sinks Brazil’s currency, dragging soybeans to 2-month low...
Friendly Cattle on Feed Report shows 12% drop in placements
Sunday’s showdown between challenger Flavio Bolsonaro and President Luiz Inacio Lula Da Silva carries implications for Brazil’s currency and long-term agricultural outlook.
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Placements shocked to the downside, driving cattle numbers lower
View newsletter here.
Corn continues to see relative weakness and looks to challenge Wednesday’s for-the-move low.