Your Pro Farmer newsletter (Oct. 19, 2024) is now available

Corn and soybean harvest continues to advance at a rapid clip given ongoing hot and dry conditions, which is putting pressure on those markets. But there are increased signs prices have dropped far enough to encourage active global end-user demand. The extended weather forecast from the U.S. Climate Prediction Center calls for warm, dry conditions across much of U.S. winter wheat areas through January, as a weak La Nina event is expected to develop. As a result, drought is expected to develop or persist over most HRW areas and across southern SRW locations through January, while it is expected to improve or be removed over most northern SRW areas. On the global front, China is trying to shore up its ailing economy with stimulus measures, though the plan is lacking specific details, which is discouraging to inventors. Our News page 4 feature this week looks at the diverging opinions between farmers and economists on whether Kamala Harris or Donald Trump would be better for agriculture. Trade, immigration and inflation will be key ag factors for the November elections. We cover all of these items and much more in this week’s newsletter, which you can download here.