Corn
Renewable Fuels Association’s Troy Bredenkamp says the push from Alabama and Louisiana to waive 2027 Renewable Fuels Standard obligations would raise gas prices, not lower them, and hurt rural America.
Corn yields have more room to fall, while USDA may be underestimating soybean export demand beyond China
USDA trimmed corn yield more than analysts expected, on average, while soybean ending stocks were lower than anticipated amid increased exports.
Funds have liquidated a massive corn position and are now pressing the short side, leaving residual long positions in soybeans vulnerable to a yield or balance sheet surprise
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.
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.
Corn futures fell about 5% as USDA raised the national yield. Former USDA chief economist Seth Meyer says the data raises fair questions, but he doesn’t think sampling alone explains the jump.
Corn yield landed well above analysts’ average pre-report estimate, while soybean yield was slightly above.
Here’s what producers need to know after a wet September leaves standing corn and soybean crops vulnerable to disease
Higher borrowing rates mean opportunity costs for storing grain have surged. Here’s how to calculate whether holding crops this harvest makes financial sense.