News
The Farm Journal September Ag Economists’ Monthly Monitor makes it clear: Working capital is thinning, export markets are shaky and long-term crop margins could get ugly. But for now, one thing is still keeping its strength: Americans’ appetite for beef.
There’s light at the end of the tunnel, but we might not see it completely turn around for two to three years,” says Grant Gardner, University of Kentucky ag economist.
Farm Journal’s September Ag Economists’ Monthly Monitor found nearly half of the ag economists surveyed say the U.S. ag economy is worse off than a month ago and will remain depressed or even worsen over the next 12 months.
Corn and soybeans did not stray far from unchanged in the overnight session while wheat gave up a chunk of yesterday’s gain.
Grain markets slightly down overnight
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Gains were seen across the grain and soy complex overnight.
Treasury Secretary Scott Bessent announced yesterday that the U.S. will provide financial assistance to Argentina in an effort to stabilize its struggling economy, a move that has sparked anger among American soybean farmers who see Argentina as a major rival.
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
Amount of reported China buys of Argentine soybeans keeps rising
Weak profit margins may limit benefits of lower rates for financially stressed farmers.
Soybeans saw an impressive push higher going into the break this morning despite ongoing bearish fundamentals.
Yesterday, farmers from across the country sent a letter urging USDA to release funding for the Sustainable Agriculture Research and Education (SARE) program. Normally announced in March, this year’s call for proposals wasn’t issued until September 11, leaving host institutions little time to process applications before the fiscal year ends.
Soybeans slumping amid sickly meal market
