34% of Corn Now Hit With Drought

It was blood bath in the grain markets with soybeans hitting multi-year lows to start the week, but growing drought concerns then sent markets higher. Dan Basse and Ben Brown explain what the trade is now watching.

“We fundamentally disagree with the position Mexico has taken on the issue of biotechnology, which has been proven to be safe for decades,” said Tom Vilsack, USDA secretary. “Through this action, we are exercising our rights under USMCA while supporting innovation, nutrition security, sustainability and the mutual success of our farmers and producers.”

Whether it’s selling steak from a vending machine or the family's store and mercantile, Tim Haer and his family have found a niche based on convenience.

World food prices are now the lowest they've been in two years. Details as to why in today's AgDay Minute.