Even though the USDA recently projected a 49.4 bushel per acre national average soybean yield and record size bean crop, large exports to China and elsewhere helped prop up prices early in the week. Though…
Author: AmyB
Corn Can’t Pop
Corn prices continued lower this week, dropping underneath $3.50 per bushel for the first time this year after the USDA showed improving corn crop quality on Monday. The USDA was already projecting an ample 14.2…
Grains Drop on Rosy Outlook
Corn, wheat, oats, and soybeans collapsed on Thursday after a USDA forecast for larger-than-expected crops this year. Dry weather in the Midwest had many market watchers fearing significant crop losses, but the USDA projected bumper…
Grains Take a Nosedive
For the past two weeks, grain markets had been exploding higher on fears of hot and dry weather in the forecast, which could threaten this year’s crop yields. But on Wednesday, the USDA stunned markets…