This Week in Agriculture

We were a lot higher at 550 on September 1st in Dec corn than what we were two years ago.

And we, we topped this year, ironically, about the point where we bottomed the previous two years, and that was the end of August, 1st of September.

So the market is anticipary, anticipatory market, the futures market.

It's called futures, not past.

So it was looking ahead to what might happen if Trump and Xi agree to some corn, and at 550 that's a stretch.

At, at, at 450, maybe so.

Total Farm Marketing senior advisor Brian Dougherty gave his take on the WASDE report.

Do have some kinda concern that if the trendline's 183, and we're within 1% of trendline with 18% of the crop rated poor or very poor on the weekly crop ratings, I think there's a discrepancy there somewhere.

Maybe that trendline number just needs to start out a lot higher for technology bump.

I, I really don't know.

But, um, or, or this just was an anomaly on this report.

Zaner Ag Hedge vice president Ted Seifried says traders question the USDA higher corn yield estimate.

Certainly a lot of people out there that are really questioning the USDA's national average yield that they have for corn.

Uh, again, you know, going back to the report, everybody was looking for that, not everybody, but, uh, many traders and analysts were looking for that yield number to come down, and it went higher instead.

Um, so again, we're, we're just trying to digest all that for corn.

Uh, for soybeans, you know, it, it's been kind of a wild ride.

It was a wild ride on Friday.

We were down sharply initially on that higher yield.

Uh, but the ending stocks number didn't really change, and we were able to kinda snap back towards, uh, actually positive by the end of the day on Friday.

Then we were heavy over the night session, but then, you know, kinda came back at the end.

Van Ahn & Company's CEO Jim Emter says harvest activity and investor selling weighing in on the grain markets, despite seeing strong export demands this week.

Uh, but there's no if, ands, or buts that these crops are pretty good out there, beans coming in in a lot of areas above expectations.

But the areas that I think the market's concerned about just still have not had a ton of harvest activity.

But when you've got the rest of the nation around Iowa, Illinois, and areas that are struggling a little bit with harvest, uh, running full scale, I think that just brings, you know, that added sell pressure to a market.

So I think that's component number one.

We were a lot higher at 550 on September 1st in Dec corn than what we were two years ago.

And we, we topped this year, ironically, about the point where we bottomed the previous two years, and that was the end of August, 1st of September.

So the market is anticipary, anticipatory market, the futures market.

It's called futures, not past.

So it was looking ahead to what might happen if Trump and Xi agree to some corn, and at 550 that's a stretch.

At, at, at 450, maybe so.

Total Farm Marketing senior advisor Brian Dougherty gave his take on the WASDE report.

Do have some kinda concern that if the trendline's 183, and we're within 1% of trendline with 18% of the crop rated poor or very poor on the weekly crop ratings, I think there's a discrepancy there somewhere.

Maybe that trendline number just needs to start out a lot higher for technology bump.

I, I really don't know.

But, um, or, or this just was an anomaly on this report.

Zaner Ag Hedge vice president Ted Seifried says traders question the USDA higher corn yield estimate.

Certainly a lot of people out there that are really questioning the USDA's national average yield that they have for corn.

Uh, again, you know, going back to the report, everybody was looking for that, not everybody, but, uh, many traders and analysts were looking for that yield number to come down, and it went higher instead.

Um, so again, we're, we're just trying to digest all that for corn.

Uh, for soybeans, you know, it, it's been kind of a wild ride.

It was a wild ride on Friday.

We were down sharply initially on that higher yield.

Uh, but the ending stocks number didn't really change, and we were able to kinda snap back towards, uh, actually positive by the end of the day on Friday.

Then we were heavy over the night session, but then, you know, kinda came back at the end.

Van Ahn & Company's CEO Jim Emter says harvest activity and investor selling weighing in on the grain markets, despite seeing strong export demands this week.

Uh, but there's no if, ands, or buts that these crops are pretty good out there, beans coming in in a lot of areas above expectations.

But the areas that I think the market's concerned about just still have not had a ton of harvest activity.

But when you've got the rest of the nation around Iowa, Illinois, and areas that are struggling a little bit with harvest, uh, running full scale, I think that just brings, you know, that added sell pressure to a market.

So I think that's component number one.