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Jamie DickermanHost
Don Wick
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Jamie DickermanHostDon Wick
The soybean crop is in line with the last USDA forecast, with U.S. production estimated at 4.57 billion bushels.
Pro Farmer forecasting the average corn yield at 173.2 bushels per acre and the average soybean yield of 53.3 bushels per acre.
In Friday's report, USDA put the number of cattle on feed at 11.1 million head.
Grain markets picked up some momentum after the pro-farmer crop tour numbers became public.
Pro-farmer crop tour, that's all anybody wants to talk about.
You know, the yield number, not surprised.
Yeah, I'm surprised they came in seven and a half bushels lower than the USDA.
There was also a Pioneer seed tour of Iowa yesterday that came in with some pretty lofty numbers.
Now, you know, that number was just a smidge under where they were last year.
You know, Pioneer's trying to sell seed here at I don't know that I believe those numbers that that crop set pick in the state of Iowa, but we shall see.
Total Farm Marketing Senior Advisor Naomi Bloom says the trade got quiet after the recent market swings this week in the grains while digesting those pro-farmer numbers.
Kind of feels like day trading to me.
There hasn't been any specific fresh news today.
So when you compare today's price action to yesterday, I would coin it as an inside trading day.
So we're waiting to see if there's any fresh news, which would justify any new price highs in these grain markets, keeping an eye on NVIDIA and AI and what that's looking like, and of course, the Middle East and the Black Sea region.
So if we don't get any fresh news soon, we might see a simple pullback in the marketplaces.
The soybean crop is in line with the last USDA forecast, with U.S. production estimated at 4.57 billion bushels.
Pro Farmer forecasting the average corn yield at 173.2 bushels per acre and the average soybean yield of 53.3 bushels per acre.
In Friday's report, USDA put the number of cattle on feed at 11.1 million head.
Grain markets picked up some momentum after the pro-farmer crop tour numbers became public.
Pro-farmer crop tour, that's all anybody wants to talk about.
You know, the yield number, not surprised.
Yeah, I'm surprised they came in seven and a half bushels lower than the USDA.
There was also a Pioneer seed tour of Iowa yesterday that came in with some pretty lofty numbers.
Now, you know, that number was just a smidge under where they were last year.
You know, Pioneer's trying to sell seed here at I don't know that I believe those numbers that that crop set pick in the state of Iowa, but we shall see.
Total Farm Marketing Senior Advisor Naomi Bloom says the trade got quiet after the recent market swings this week in the grains while digesting those pro-farmer numbers.
Kind of feels like day trading to me.
There hasn't been any specific fresh news today.
So when you compare today's price action to yesterday, I would coin it as an inside trading day.
So we're waiting to see if there's any fresh news, which would justify any new price highs in these grain markets, keeping an eye on NVIDIA and AI and what that's looking like, and of course, the Middle East and the Black Sea region.
So if we don't get any fresh news soon, we might see a simple pullback in the marketplaces.
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