Rumors in the trade are starting to show up that maybe we are getting some soybean cancellations. Is that the reason why beans fell off the highs on Monday? Plus, are farmers already looking at locking in some price levels in deferred contracts? Those are some of the questions we ponder today with John Heinberg from Total Farm Marketing as we saw a quiet, low volume trade on Monday across grains and livestock. More at https://www.totalfarmmarketing.com.
There is definitely a long ways to go yet but with the lack of soil moisture heading into winter and more, there is reason to at least start bringing up the idea of Midwest drought in 2025. At least, that’s what Eric Snodgrass from Conduit Ag says on our Weekly Weather Update. Listen in for more and sign up for his latest webinar Monday, December 9th at 5pm by visiting https://www.ag-wx.com.