Daily market analysis of the grain, livestock and stock markets with the top analysts across the country and around the world. Hosted by award-winning farm broadcaster Jesse Allen.
Great talk! I liked Brian’s insights. Good point about how Nov’25 beans / Dec’25 corn ratio isn’t necessarily the ultimate arbiter for favouring corn acres; the absolute price of the corn contract counts too. Fascinating stuff.
Hi there from Brazil. Price action today on beans is just a hiccup regarding the postponement of EU environmental rule affects trading companies and favors Brazilian soybeans. Traders just got the opportunity to buy beans as they will not have to prove where it is coming from regarding environmental issues. That is all. In 2 days tops, prices will be sub 9/bu again.
Indeed you were correct. I guess what I had seen a week earlier was news that they were debating about delaying. * European Union ambassadors agreed on Wednesday to delay the implementation of the bloc's landmark deforestation law by a year till the end of December 2025. * The law, known as EUDR, will require companies importing products, including rubber, to prove their supply chains did not contribute to the destruction of the world's forests. * Companies that have paid to source agricultural produce complying with the law will lose out from the delay, industry groups and traders said. * As the EU parliament still needs to sign off on the law, the market is wondering if its final iteration would involve a 12-month delay or longer, said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. * EUDR spot premiums will be lower, while traders will try to understand how to price cargoes loading in 2025, Miller said. * "These are all uncertainties which would make negotiation of spot and long-term contracts tricky for both buyers and sellers in the coming months," Miller said. Reuters from Wed 16 Oct
Bean yields are average to above average in NC. Corn is abysmal up and down the east coast. Farmer one county south of me had a 23 bushel average on corn. Near Winston-Salem was 40s. Ours ended up at 59. USDA has NC at 88 BPA on corn, still much too high. It amazes me how much the basis at a railyard in the eastern corn belt matters more than a drought at the end destination. +0.20 to +0.30 basis on corn, last year was a good corn year and we had +0.45-65 at harvest
Hi there from Brazil. As I mentioned a few weeks ago (maybe months, I don’t recall), forget about weather for Brazil soybeans. Brazil will plant a huge, maybe a new record for soybeans. The problem regarding soybean planting delays is not a problem on soybeans per se. It is a problem for the Brazillian Safrinha (2nd crop that comes right after soybeans). So we could turn our attention to the corn market, not waste time discussing soybeans, trying to come with “facts” that are just not real. Therefore, again, forget about soybean planting problems. It does not exist. With no increase on demand? I don’t mean to be one of the Four Knights of the Apocalypse, but the question I would like to leave is the following: With surplus stock at of around 30% (last USDA report), how about USA harvesting 125MMT this year, and Brazil coming with around 10% to 15% more soybean next year? How about that????????? Again, please forgive my English, it is not my native language.
I think I'm going to put 1k on AKTS it's essential for wireless communication ie phones and computers... It's at a all time low best time to buy, how I retired in 21...
What is the take on the US$ ripping back higher this afternoon after posting new lows after the announcement? Looks like a pretty strong upside reversal that could now lead to pressure back into commodities if the reversal proves to hold true.
@@MorrisL-sq6ho will have to get some comments from Mike and others on this! The way our production schedule is set, we have to record the show after commodities close but before equities.
Call me contrarian but give me drought in winter every year at least east of KS-ND. No nutrient loss, no saturated soil conditions causing soil life problems, easy grain hauling, quick start or spring field work, room for heavy spring rains. Only downside would be river levels for barge traffic.
I really appreciate your efforts! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
US government numbers seem unbelievable. Is USDA any different? political numbers seem more important than truth. So many signs of some type world economy "BIG WOOPS"
Absolutely. I just drove through much of northeastern MO earlier this week and the windshield view looked pretty solid. I'll see part of SW Wisconsin today and tomorrow. At the end of the day, I more or less just like to hear of any hidden issues in the fields from the tour that are covered. I'm still having a hard time seeing record yields that USDA put out there but again it's all pretty subjective in my opinion. Sadly, the markets trade perception is reality quite often it seems like. -Jesse
From my perspective as a journalist, I'm simply just trying to get some answers and discuss. We'll never really know the final yield, it's all pretty subjective. But I'm trying to stay on top of what's being talked about and what is potentially out there. Do I always get it right, no. But I try my best to at least talk about all aspects of the markets and the ag industry as a whole. -Jesse
@@markettalkag My comment was not aimed at you Jesse. You do well getting some very good guests on. But there are many, and you are smart enough to know who, are not being entirely honest and buy into the propaganda put out. Some have never ever farmed but have become experts on crop production. Really? I have asked about this to a broker of mine for 30 years and is on tv and was told there is censuring happening. I wished Ted could've just come out and said the USDA has missed this instead of all the beating around the bush. Farmers need the truth to come out. They are in trouble.
I just like to clarify my position as sometimes I never know the meaning from behind a computer screen these days :) I appreciate you watching the channel as always.
100 bushel corn all up the east coast, but our local basis was better last year, when we had a good growing season and good yields for corn. +.20 this year, +.65-+45 last year at harvest
@@marksheen7587 I personally want to see what all the upcoming crop tours have to say about what is in these fields. I’m still skeptical about these estimates, time will tell. Until then, more fuel for bears unfortunately. -Jesse
Republicans will try to drive the markets down before the election and Demarcates are going to try to drive the markets up. We will have to see who wins.
I largely think Friday was a classic case of taking profit ahead of the weekend and waiting for new forecasts Sunday night into Monday. But nonetheless, it still stinks to see us lose most of this week's gains on a Friday. -Jesse
