It's a story that has been told for months. Corn and soybean export sales lag the previous three years, a factor that seems to be a wet blanket for prices. But with an explosive end to the marketing year for export sales, and a sudden shift in crop conditions, is the story changing for prices?
Jon Scheve discusses yield uncertainty for corn and soybeans as well as his final thoughts on the 2022 marketing year. Bottomline: He sold his corn for more than $7 and his sobyeans for almost $15, which he considers a success.
USDA forecasts net farm income will decline $41.7 billion (22.8%) from last year’s record to $141.3 billion in 2023, though that’s up from its February outlook of $136.9 billion.
China's GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
