View in Browser
October 8, 2022
 
 
 
 
 
 
Jerry Gulke: What We Don’t Want to See in Wednesday’s USDA Report
 
On Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimate (WASDE) reports. Jerry Gulke says this year’s report may be a bigger deal than in years past. USDA could curb production a little bit. But how much will they cut the demand side to keep the table in balance?
 
 
 
Why One Veteran Analyst Who’s Been Bullish Grains for Two Years is Now Bearish
 
Dan Basse was at World Dairy Expo for the live taping of U.S. Farm Report. He admits he’s been bullish on grains for two consecutive years; however, his outlook has changed despite the ongoing crisis in Ukraine.
 
 
Why One Veteran Analyst Who’s Been Bullish Grains for Two Years is Now Bearish
 
 

Profit Tracker: Packer Profit Margins Nearly Erased

Market leverage has shifted dramatically toward ranchers and cattle feeders over the past two months. The combination of rising cattle prices and declining wholesale beef prices has eroded the historic packer margins of a year ago to about $21 per head.
Profit Tracker: Packer Profit Margins Nearly Erased
 
 
 

Chip Flory: Don’t Make This Grain Marketing Mistake

This is the time of year market analysis takes on a single-issue focus: crop size. Don’t let it happen to you.
Chip Flory: Don’t Make This Grain Marketing Mistake
 
 
 

Slow Barge and Rail Traffic Are Hurting Corn Belt Basis

The combination of slow barge traffic on the Mississippi River, slow rail movement and increasing harvest pressure are pulling cash grain prices down in the central and eastern Corn Belt.
Slow Barge and Rail Traffic Are Hurting Corn Belt Basis
 
 
 

Is $8 Corn Still Possible?

The USDA Stocks Report surprised the market with less corn in storage. This could lead to the tightest carryout since 2012, and values might need to exceed $8 again to ration demand. However, there are several unknown variables, as Jon Scheve explains.
Is $8 Corn Still Possible?
 
 
 
This Week on USFR
 
Dan Basse wtih AgResource Company, Scott Brown, agricultural economist with the University of Missouri, and Mike North with ever.ag talk markets this weekend on U.S. Farm Report.
 
 
U.S. Farm Report
 
 
Today's Markets
 
 
 
Market Chart
 
 
 
 
 
 
Connect With Us:
You are receiving this email because you are a subscriber or past subscriber to a Farm Journal Product.
 
 
 
Copyright 2022 Farm Journal, Inc 8725 Rosehill Road Lenexa, KS, 66215