Grain News – WASDE Report Out Today; Trump Tweets “Productive Conversations”
There are a few news articles to catch up on today-
The new Farm Bill is finally getting presented to the House and Senate today. Hopefully there should be some resolution as it is processed as early as next week. What will this do for grain? It is said to have improvements to the major commodity programs. It also looks like there will be more incentives for conservation programs.
WASDE report comes out today at 11:00am. We will have better numbers as to what will happen in South America as they come into harvest with the drought that they have been faced with. South America should be on your watch list. As you know, they have been very competitive in the bean market and have been helping China out in their time of need. Between the WASDE report and Trump’s morning Tweet of:
Very productive conversations going on with China! Watch for some important announcements!
You could see some movement in the grain market. Call your grain originator to get an open offer in if you feel the market will reach your target price for old or new crop.
Final comment for the day, Landmark has come out with a Bushel Tracker spreadsheet where you can see fertilizer cost and grain price to create your profit. For more information call any of the other grain originators or myself to discuss how that can work for you!