IAM Podcast 10-16-26

But it's been an interesting couple of days while you've been gone.

China's been purchasing soybeans like crazy, but the markets haven't been really reacting that positively to it because there's just so much negative pressure on them.

We got the NOPA crush report yesterday.

That did not look good.

That was down.

We saw the harvest progress.

Not quite where we would like it to be, but with the weather being what it is, it's been hard for anybody to get in.

Now we're seeing more rain these last two days in Des Moines and across parts of Iowa.

Obviously, we still have those challenges to deal with, and the market is recognizing those.

That's been a problem across the board.

You look at where we're at in soybeans, and you're looking at 75 cents lower than what we were just a couple of weeks ago.

That makes a big difference, especially if the bases aren't paying that well because of the fact that everybody's finally getting into the fields.

And of course, we've been following that harvest progress.

And as we knew, Iowa is kind of lagging behind even a lot of the states around us here in the Midwest.

And that's been all down to that rain and what you just mentioned, the ability to get out in the fields has been hindered because of all of the moisture we've had.

And I know in talking with Matt Bennett of agmarket.net, of course, we're going to get into the markets here in a little bit.

But Matt is already done in central Illinois, for example, and on his operation in terms of harvest.

And I know he told me here recently that as they got close to the finish line on corn, they were out and just walking around kind of trying to inspect things on the ground.

And he said, man, the dry down just happened so quickly for him this year.

that those plants were very fragile.

They were, you know, you barely had to brush into them, he said, and they were tipping over.

So that's kind of the part where you're a little bit worried, a little bit nervous about some of that corn that's still out there in the fields.

For example, for our Iowa farmers who just haven't been able to get in there, that quick dry down that we've had in areas, especially with some of these hotter temperatures late in the year.

Yeah, and we also saw in those places, you know, definitely saw on social media a lot of instances of combine fires, which is something we always have to be careful for and making sure all the dust and all the debris is out of there and blown out regularly so it doesn't cause any of those situations.

So, I mean, other areas have been fighting that dry conditions.

But it's been an interesting couple of days while you've been gone.

China's been purchasing soybeans like crazy, but the markets haven't been really reacting that positively to it because there's just so much negative pressure on them.

We got the NOPA crush report yesterday.

That did not look good.

That was down.

We saw the harvest progress.

Not quite where we would like it to be, but with the weather being what it is, it's been hard for anybody to get in.

Now we're seeing more rain these last two days in Des Moines and across parts of Iowa.

Obviously, we still have those challenges to deal with, and the market is recognizing those.

That's been a problem across the board.

You look at where we're at in soybeans, and you're looking at 75 cents lower than what we were just a couple of weeks ago.

That makes a big difference, especially if the bases aren't paying that well because of the fact that everybody's finally getting into the fields.

And of course, we've been following that harvest progress.

And as we knew, Iowa is kind of lagging behind even a lot of the states around us here in the Midwest.

And that's been all down to that rain and what you just mentioned, the ability to get out in the fields has been hindered because of all of the moisture we've had.

And I know in talking with Matt Bennett of agmarket.net, of course, we're going to get into the markets here in a little bit.

But Matt is already done in central Illinois, for example, and on his operation in terms of harvest.

And I know he told me here recently that as they got close to the finish line on corn, they were out and just walking around kind of trying to inspect things on the ground.

And he said, man, the dry down just happened so quickly for him this year.

that those plants were very fragile.

They were, you know, you barely had to brush into them, he said, and they were tipping over.

So that's kind of the part where you're a little bit worried, a little bit nervous about some of that corn that's still out there in the fields.

For example, for our Iowa farmers who just haven't been able to get in there, that quick dry down that we've had in areas, especially with some of these hotter temperatures late in the year.

Yeah, and we also saw in those places, you know, definitely saw on social media a lot of instances of combine fires, which is something we always have to be careful for and making sure all the dust and all the debris is out of there and blown out regularly so it doesn't cause any of those situations.

So, I mean, other areas have been fighting that dry conditions.