Monday, August 12th, 2024- John Heinberg and Eric Snodgrass

USDA is predicting a monster U.S. corn and soybean crop for 2024 with record national average yield estimates on the August WASDE Report. The numbers on Monday seemed to drive some spread trading with soybeans under pressure and corn up slightly.

We discuss what these numbers could mean for the trade, what some producers are saying about their crops and get market perspectives today from John Heinberg from Total Farm Marketing. More at https://www.totalfarmmarketing.com.

Also, August weather is looking pretty solid for much of the Corn Belt and that could help some of these big yields along. We discuss the weather outlook and talk about the Gleissberg Cycle as it relates to agriculture. Eric Snodgrass with Nutrien Ag Solutions joins us for our Weekly Weather Update. Learn more online at https://www.ag-wx.com.