INDIANAPOLIS, Ind. (RFD-TV) — Despite the lack of updated harvest progress numbers from the U.S. Department of Agriculture (USDA) this week due to the government shutdown, farmers continue to make steady progress in the fields.
Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, joined us on Tuesday’s Market Day Report to provide a snapshot of the state’s harvest conditions and insights from producers across Indiana.
In an interview with RFD-TV News, Dr. Davis discussed how this current harvest compares to previous years, the challenges and surprises farmers have faced this season, and the impact of high input costs and lower commodity prices on their operations. He also addressed concerns about storage capacity and shipping logistics amid expectations for strong yields.
Additionally, Dr. Davis explained how the delayed WASDE report, due to the shutdown, is affecting market outlooks for the state’s producers and offered his perspective on the resilience of Indiana farmers as they navigate these challenges. In closing, he shared what to watch for as the harvest progresses.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
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