The Ag View Pitch Ag View Pitch

This week Joe Paulson and Greg Mcbride with Allendale take a few minutes to talk about this week's market influencers.

Some of the main topics are the extreme differences in what's happening in people's backyards around the corn belt, marco markets, the potential impact of a heavier hurricane season in the gulf, and the possible increase in soybean crush.

Ben Gorden with Fractal Ag visits with Chris on current land value trends and opportunities for accessing additional capital.

Topics of discussion include:


Current Farmland values.
Pent up supply.
Impact of interest rates to investors and farmers.
Who might be a “fit” to access through Fractal?



There is an upcoming webinar on June 26 at 8 AM with Fractal Ag. “How much land are you prepared to buy this year?”

Jarod Creed and Andy Hruby have conversation about any rally opportunities in the coming weeks, and how crop insurance can help protect some of those decisions.

Joe Vaclavik visits with Chris in this week's market outlook.

Joe and Chris discuss current crop conditions and the potential for a large crop assuming good summer weather.

They go on to discuss the upcoming USDA report on Wednesday along with the upcoming June 28th planted acres report.

Joe and Chris continue the discussion around a number of barish factors for the market as we head into the next couple of months. However, it will be a long growing season and they’re still could be something ahead that could give us some short-term price strength.

Stay tuned!

Jim McCormick with AgMarket.Net visits with Chris in this week's market outlook.

In this week’s discussion Jim and Chris talk about the slow planting pace and the possibility that there could be as many as 9 million acres yet to be planted.

However, we’ve seen a significant price decline from the May highs, so there are other factors the market may be considering as we move forward from the planting issues.

Jim goes on to hit on a number of Market fundamentals, including Fund positioning, geopolitical issues, zero Chinese demand - to date, and the soon to come crop ratings that could give us some market strength; depending on what crop condition ratings show in the weeks ahead.

Jim also points out some observation from the commercials which indicate that farmers are still likely holding as much as 25% -30% of their old crop corn, and as much as 10 to 15% of soybeans.

New crop sales also lag with commercial perspective that farmers are only 9% sold on corn and 7% sold on soybeans. Finally, Jim points out the importance of getting your offers in place as many times the market will give you an opportunity, but it’s often short-lived and in the night trade.

Jarod Creed visits with Chris in this week’s market outlook. Planting conditions are still a struggle in many areas. However, there are other drivers in the market currently that could be giving us current price strength. The wheat market is one of the key factors that Jerod points out. Plus, there may be some technical that could provide some pricing opportunities.

Jerod goes on to explain a number of scenarios that we may see as we head through the growing season.

Jared also talks through some strategies to consider as you work toward pricing the 2024 crop and possibly even 2025 crop.