Your Pro Farmer newsletter (Oct. 5, 2024) is now available

USDA’s Grain Stocks Report contained a bullish surprise for corn, as Sept. 1 stocks came in lighter than anticipated. That not only creates lower beginning stocks for 2024-25 but the implications for feed usage could trickle down through the new-crop balance sheet. Front-month futures for corn, soybeans and wheat all posted gains in September, which is rare and points to additional price strength this month. The Southeast was slammed by Hurricane Helene, creating a threat to supply chains and the economy. Our News page 4 feature looks at impacts from the storm, including to agriculture. Geopolitical tensions increased in the Middle East as Iran and Israel attacked each other and there are concerns the situation could expand. This could cause grain and livestock bulls to pull in their horns. We cover all of these items and much more in this week’s newsletter, which you can download here.