Storage Never Pays, Or Does It?

Jon Scheve explains the math behind a series of sales on 25% of his soybeans.

According to USDA’s crop progress report, 88% of corn and 95% of soybeans have been harvested so far. North Carolina is the first state to report 100% of its corn acres have been harvested, and Louisiana and South Dakota are done with soybeans.

With a renewed push by the GOP to address illegal border crossings, and the White House emphasizing the need to allocate more than $13 billion to manage the increase of migrants into the U.S., the immigration topic is at the forefront of policy discussions again.

The extension of the current farm bill through September 2024 is tied to a House Republican proposal for a two-tiered stop-gap funding plan to extend current spending levels for some government agencies. This plan aims to avoid a partial government shutdown after Nov. 17.