USDA Crop Report

USDA Crop Report

Commodity Markets Grain Market

I can't help but comment on the USDA Crop Report. In my opinion they missed something.  Good Corn in the Western corn belt will not out weigh what I have seen in Illinois.  we headed south today on I-55 and corn is headed toward maturity.  Yellow and brown leaves are showing up high on the plant.  Waterstreet Solutions analyst Arlan Suderman commented on Agweb.  He is much more of an expert than I am.  

Food and Commodity Prices

Food and Commodity Prices

Commodity Markets

There have been many complaints about high commodity prices driving up food prices in the past few years.  People don't seem to understand that agriculture needs diverse markets in order to have a healthy farm economy.  Using corn for food, feed, and fuel, drives the demand for corn and leads farmers to produce in record amounts.  Illinois Farm Bureau President Richard Guebert was featured in the State Journal-Register this weekend as a guest columnist.  The headline features transportation, but Guebert covers the effects of the large corn crop very well.