American farmers this year planted more corn acres than they have since the 1930s. The September WASDE report from the U.S. Department of Agriculture (USDA) estimates now show even more of that crop heading to the bins than previously thought.
While soybean production is also expected to increase slightly from previous estimates, it is down 2 percent from last year’s totals. The American Soybean Association (ASA) has been closely monitoring the numbers, particularly since China is no longer at the buying table.
ASA President Caleb Ragland joins us on Friday’s Market Day Report for his reaction to September’s WASDE. In his interview with RFD-TV’s own Suzanne Alexander, Ragland discusses his recent warning that the soybean sector is in a “dire” situation due to trade uncertainty with China, and how this growing crisis might have a ripple effect on the markets. He also discussed the Trump Administration’s recent trade deal with Japan, one of the top 10 international markets for soy, and whether the agreement is enough to offset the loss of China as a buyer.
Ragland also addressed the recent House vote to reauthorize the US Grain Standards Act, its impact on soy, and provided an update on harvest progress in Kentucky, where he lives.
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Treat storage as risk management and logistics, and budget to break even since export growth is unlikely to absorb bigger U.S. corn and soybean crops.
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“Good flies? Is that like a good fire ant?” Miller said. “I don’t know what a good fly is. I don’t know if they’re afraid to kill house flies or stable flies, but I’m ready to kill the screwworm fly.”
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President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
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Better yield measurement means fairer grids, more precise breeding targets, and more dollars for truly efficient cattle.
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