Corn...Ouch!

[malleefarmer]

Decent rains across 60% of Australia cropped areas will add downward pressure.Grain has eased about 15 bucks this week. But dy cropping areas stayed dry and forecast is a dry bias aust wide.

Even if we have below ave rom here on in we will get ave crop.

[SASKFARMER]

The USDA is so out to lunch on the Corn crop its not even funny. Since the late start, the rain events this July have been poor in the Corn belt. Corn isn't going to be a bin buster and guess what it will probably freeze. Yea it's a shit show.

Ah like stats Canada or Sask ag and food its all good nothing to see move along.

Grain companies are getting into position.

[Oliver88]

Argentinian grain prices just went up by over 30% today... They voted in another socialist, and the currency plunged by more than 30% in a day on expectations that they will default, and socialist policies will drive out investment.

From Arlan Suderman: Argentine peso collapses today on signs that the country will go back to its previous socialist ways of taxing crop production to finance social programs. Peso had been very week at 45 per dollar, but traded as low as 62 per dollar today. Long-term implicatons for Ags

There goes the “greener grass” in Argentina.

[sawfly1]

Furrow you are right , we should
Be doing a deal with China.
But we can not because we signed that right away in the the new north American free trade agreement.
Not only do we kidnapp for them.
No we have to get the US to approve any trade deal we sign with anyone else.
That is the whole purpose of the NAFTA 1 and 2
Sign away our sovereignty.
Whether it is drug prices,chemicals,seed tax.
No sense negotiating if the US gets to say no.

[beaverdam]

Wheat seems to be moving independent from Corn this morning, which would be good for Wheat.
Although Canola seems to be moving independently from Soy Oil ????????

[newguy]

USDA Corn reporters.

[furrowtickler]

USDA Corn reporters.

Lol , ain’t that the truth