Recent price support caused by a lower national yield forecast dissipated this week, as negative consumption news and improving weather for harvest appeared, says University of Illinois ag economist Todd Hubbs.
Farmers in Texas and other areas experiencing drought are in dire need of hay supplies and dryland crops are burning up. Because of this, grain farmers are abandoning their grain crops and baling them for cattle feed.
However, has there been any progress on other trade deals? With the markets swinging up and down during Monday's trading session, what is happening?
AgDay and U.S. Farm Report reporter Betsy Jibben has the story.