Farm Partners Topics Discussed: – The current state of the corn/soybean market – Pressure from South America for the soybean crop – Safrinha corn crop condition – Spring bounce for row crops – corn/soybean export pace – Ethanol demand – Bottom Line: What will it take for the markets to move higher from here?
The Friday conversation with Jeff Peterson of Heartland Farm Partners. This weeks WASDE report, export demand, weather market & what will it take to move markets.
How did the US numbers look in the WASDE report? Was there any surprises in the world numbers in the WASDE report? Will the corn demand for ethanol need to be lowered more down the road? How does the export demand look for corn and soybeans? Do you think the crop is on pace to achieve the trend line yields for corn and soybeans? Will there be much for adjustments in corn and soybean acres down the road? How does the corn and soybean markets look from a technical perspective? What will it take for the markets to move higher from here? How does the weather look to you going forward? What would you do with unsold old and new crop corn and soybeans?
Jeff Peterson with Heartland Farm Partners joins us this week with a focus on the movement of corn and soybeans, how do we market going into the summer, where is the good demand at?
How does the corn and soybean markets look to you this time?
Are the funds playing much of an impact in the corn and soybean markets at this time? How is the demand for corn in the ethanol industry looking? What does feed demand look like to you?
How are corn exports looking? Why is China buying soybeans from Brazil when our soybeans are cheaper? Do you think we have seen a bottom in the corn market? If you have old crop and new crop corn, would you sell here?