Despite the bearish shock of record-breaking large crop forecasts from the USDA last week, the grain markets have shown astounding resilience. Corn and wheat both climbed over 10 cents per bushel, while soybeans climbed a…
Ags
Corn & Bean Crops Shatter Records
The USDA shocked grain markets Friday with its newest outlook for the corn and soybeans crops that are getting ready to be harvested. The government agency is now projecting record-breaking yields for corn at 175.1…
Rain Sinks Soybeans
Soybean prices plummeted by $1.10 per bushel during the week as much-needed rains fell across the Midwest. Traders grew wary of bets on crop shortages while farmers got more confident that they’d grow hearty soybean…
Wheat Market Wilts
As US farmers are harvesting their winter wheat crop, prices are plunging. Crop yields are projected to be at record highs this year, which will add to a global supply that should break record levels…