Friday Crop Report on a Thursday.

[makar]

Just gotta figure out why the transmission is overheating on the cat before we continue though. Always something to fix around here………. Likely the torque.

[WiltonRanch]

Seems to be all about the US corn crop. Some areas getting some rain at the last possible minute and the market acts like its a bumper coming.

I dont know much about corn and soybean, but around here when wheat and canola go without rain for 60 days sure doesnt equal a bin buster.

Time will tell. Guy I watch on TikTok from Illinois says the rains were a week late and his corns screwed. Markets are trying to go short on any event which appears to save the crop. While farmers are saying it’s like 2012 out there. So time will tell.

[biglentil]

Its a tricky situation imo. Dryness will lead to an overall tight supply however with tightening in capital markets buyers may also be tight. With record high debt out there servicing high interest rates is draining massive amounts of liquidity out of the system. When the stock market crashed in 1929 due to a liquidity crisis so did grain prices, history may not repeat but it often rhymes.