USDA Ignites Fireworks in the Markets With Two Major Acreage Surprises͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | 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.” | | | |
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| | 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. | | | |
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| | | | Markets Now Podcast with Michelle Rook 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. Read More |
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| | 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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