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As extreme drought fuels a fire that has jumped rivers and state lines, ranch families and volunteer fire crews are directing the flames away from ranches the best they can.
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Scott Varilek with Kooima Kooima Varilek says there are signs he’s looking for yet in the cattle market to confirm the lows are in.
USDA reports on-farm corn stocks up 16% from a year ago, while storage capacity growth has plateaued. Brock’s John Tuttle says commercial handlers are already asking where grain will go when harvest starts — and temporary storage can still be delivered in weeks, not months.
Greenwing AI says its first agricultural intelligence alert shows how satellite-based monitoring could detect crop stress before it is visible in the field.
Don Roose of U.S. Commodities says wheat saw big gains early on the halt to exports in the Black Sea but could not hold at the highs. The corn and soybean market were lower on improving weather and served as an anchor.
Darin Newsom, senior market analyst for Barchart, Inc. says wheat was rallying Thursday as exports have been halted in three major Russian ports.
Jamie Gieseke with Paradigm Futures says the soybean market was removing weather premium.
Mike Minor of Professional Ag Marketing says the rains will have a bigger impact on soybeans, which are leading the losses.
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