Shownotes
Corn took a hard hit after USDA's October WASDE surprised the trade with a bigger corn yield, while cattle futures closed the week with strength and hogs stayed under pressure. Joe Kooima of Kooima Kooima Varilek Trading in Sioux Center, Iowa joins Market Talk to break down the report, what moved the grains, why the cattle market is a two-tiered story, and what is weighing on hogs. He also shares a reminder for producers as harvest rolls on: one October report is not the final word, and your marketing plan still matters. More at https://www.kkvtrading.com.
USDA's October WASDE report raised the national average corn yield from 178.5 to 181.2 bushels per acre, and the trade did not see it coming. Karen Braun, Chief Market Analyst at Zaner Ag Hedge, joins Market Talk to break down the surprise: what early harvest reports were saying, why the September to October jump is so unusual, where the extra bushels showed up by state, and why January can still change the story. She also covers soybeans and China, the South American crop outlook, wheat and Russian exports, and what farmers should keep in mind as they rethink their marketing plans. Find more at https://www.zaner.com.