IARN — The latest WASDE report that came out on Monday gave us the first boots-on-the-ground reports from USDA as they sent their scouts into the fields. However, they still lowered production estimates. Corn basically was in-line with estimates, and soybeans were cut further than anticipated. While the markets reacted accordingly, there is still concern about what our harvest will mean for supply and demand, especially if South America falters at all this year.
Jim McCormick is with Agmarket.Net. He joined us on this morning’s Opening Market Podcast. He talked about the fears of inflation and the reactions the Fed will have to this new information. That is going to influence how much we can sell globally.
For more on this story visit the Iowa Agribusiness Radio Network.
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