Chip Flory: The Upside for The Corn Market

For 2022/23, the U.S. corn stocks-to-use ratio sits at 9.6%. Traditionally, a ratio under 12% suggests the need for more acres in the next growing season.

Record On Tap: Brazil’s Soybean Acres Will Exceed 100 Million for the First Time

For the upcoming crop season, CONAB forecasts Brazilian farmers will produce more than 300 million tons of soybeans, corn, cotton, rice, wheat and soybeans. That's an all-time high.

If Yields Are As Low As The Pro Farmer Tour Indicates Then $9 Corn Is A Possibility

Pro Farmer Crop Tour estimated a national yield of 168.1 bu. If this happens, Jon Scheve says prices will skyrocket because lower yields would decrease carryout, and demand would have to be rationed. The market seems to be disregarding the Pro Farmer estimate, though, and instead is trading something closer to the August USDA production estimate. The Pro Farmer estimates are just one part of a complicated yield puzzle.

Do State Bonds or Indemnity Funds Need Updating with Higher Commodity Prices?

B&B Farm Store defaulted on an estimated $1.3 million of grain they bought from 60 Jesup-area farmers. One of those farmers was Ben Riensche. He sold B&B 20,000 bu. of corn this spring but he was never paid. Now he has to rely on the Iowa grain warehouse indemnity fund for payment.