This week, Bryce sits down with Jim McCormick and Brian Splitt from AgMarket.net to break down the latest moves in the grain markets.
Corn, soybeans, and wheat all closed lower for the week, with soybeans taking the biggest hit, dropping 35 ½ cents for November futures.
Jim and Brian explain how increased U.S. crop yields and favorable weather forecasts in South America have pushed the markets down.
They also discuss the spread dynamics between December and March corn, the impact of Brazilian planting progress, and what these trends mean for producers as harvest continues.
FOR THE WEEK:
December corn closed down 11 cents and March corn was down 14 cents. November soybeans closed down 35 1/2 cents and March soybeans were down 38 3/4 cents. December KC wheat closed down 23 3/4 cents, December Chicago wheat was down 26 1/4 cents and December Minneapolis wheat was down 27 1/4 cents.