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Instead of paring back its national average corn yield estimate, USDA raised it another 0.5 bushel per acre (bpa) to 183.6 bpa in its September Crop Production report Thursday. Can U.S. (and world) corn prices recover from here?
The National Corn Growers Association (NCGA) and the American Soybean Association (ASA) expressed frustration with a recently released recommendation by the U.S. Department of Commerce to impose preliminary countervailing duty rates on imports of the herbicide 2,4-D.
A recently published Rabobank semiannual fertilizer outlook states that fertilizer affordability is currently neutral for nitrogen and phosphorus fertilizer. However, this index could shift into the negative range toward the end of the year, mainly due to pressure on farmers' operating margins.
