Corn farmers have felt the pinch of low prices, and with a record corn crop coming in, that situation is unlikely to change anytime soon.
Despite all the noise, grain analyst Darin Newsom says the corn market is steady as she goes.
“You know, there’s nothing outstanding in this market. If we look at both the Dec. March future spread, if we look at the Dec. July forward curve, all telling us you know we’ve got a neutral situation, not that much different from where we were this time last year, basis is relatively weak. All of these things are to be expected as we enter September, and again, with the large harvest coming at us.”
Newsom says he will be closely watching December corn in the weeks ahead. He says it tends to rally during September and October, but he is not expecting any big moves.
As we start the new year, let’s take a look at some of the legislative items from 2023 affecting agriculture that will continue to play out in the political area for months to come.
January 02, 2024 12:00 PM
·
In today’s production update, Total Acre Farming’s David Hula has an enlightening conversation with Jeremy Rountree about a new, industry-disrupting product from
Brandt Fungicide.
November 02, 2023 12:23 PM
·
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
September 20, 2023 12:25 PM
·
A new study identified compounds within a “failed” tuberculosis treatment that effectively fight some herbicide-resistant “superweeds” in Australia. Researchers say their findings could be a “game-changer for the agriculture sector.”
In today’s Performance Through Partnership feature, brought to you by Golden Harvest, we meet farmer Kevin Siffring of Surprise, Nebraska.
