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July 1, 2023
 
 
 
 
 
 
 
Jerry Gulke: Where Do Prices Go From Here?
 
On Friday, soybean prices soared in response to the USDA reports by nearly 78¢ for November. According to Gulke, the soybean market will be even more sensitive to weather and yield threats moving forward. December corn was down nearly 34¢ and closed below $5 on Friday. "Even with a 5 bushel drop in [corn] yield, you could be looking at 2 billion bushels,” Gulke explains. “You’ve got a supply situation I don’t know how you solve.”
 
 
 
Game Changer for Soybeans? USDA Ignites Fireworks in the Markets With Two Major Acreage Surprises
 
USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations. The markets had a lot of news to digest on Friday between the report, rain and derecho damage.
 
 
Game Changer for Soybeans? USDA Ignites Fireworks in the Markets With Two Major Acreage Surprises
 
 

Stronger cattle prices combined with the recent run-up in crop prices aren’t enough to outweigh the concerns of the effect input prices will have on farmers this year and into 2024. This is according to a new survey of highly respected ag economists, a joint effort between Farm Journal and the University of Missouri.
High Production Costs Could Weigh on the Ag Economy Through 2024, New Survey of Economists Finds
 
 
 

Hurricane-force winds swept from northern Missouri and Iowa east to Illinois and Indiana on Thursday. The derecho brought damaging wind gusts but also much-needed rain. Ken Ferrie, who was in the middle of the storm, shares a damage report and Brad Rippey, USDA meteorologist, discusses the scope and scale of damage.
Derecho Packs Punch of 100 MPH Winds, Flattens Cornfields and Crushes Grain Bins Across the Midwest
 
 
 

AgDay TV's national reporter Michelle Rook talks daily with industry analysts to break down crop and livestock commodity markets. Tune in when the markets open, at midday and again at close.
Markets Now Podcast with Michelle Rook
 
 
 
This Week on USFR
 
Mark Gold with StoneX Group and Joe Vaclavik with Standard Grain talk markets this weekend on U.S. Farm Report.
 
 
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