Marlin Bohling is a veteran national TV & radio commodity market show host, now producing digital content for The Commstock Channel. He also does freelancing.
Adding further context to my comment about the Oct-Nov yield reduction in U.S. #soybeans:
The 1.4 bushel decrease is the largest for Oct-Nov since at least 1993. By percent (-2.6%), it is the largest Oct-Nov reduction since 1993 (-3.0%).
Quick report reaction: U.S. soy yield falling below all trade guesses was indeed on my radar, but I didn't know we'd see the largest Oct-Nov yield reduction in 30+ years. Suppose the dry finish did matter. But ending stocks are still ample even with the smaller crop.
1. This adds to the evidence that if the Aug-Sep USDA corn yield revision is up, there is a high chance that follow on revisions will also be up. I will not be surprised if there are further small upward revisions by the time we get to January.
Today we learn concerning details of WCB crops uncovered by Eric Relph of #Commstock Investments as he traveled through the central Plains.
Learn the overlooked truth about the size & condition of #corn, #soybean, & #milo crops there. #agwx#grow24
https://t.co/1qn8wJ34A4
With the big decline in #farm profitability this year, is it dangerous or actually a good time to be putting farmland up for sale?
Noted land manager and appraiser, Randy Dickhut, is my guest today as we examine the pros and cons.
https://t.co/dgdhv3jGPe
Have the #grain#markets made at least a short term low? Joe Camp of #Commstock shares some charts to take a 30,000 ft view of where we are. Are we near long-term bottoms? Is the timing all wrong? Will harvest pressure snuff out any rally potential? #ag
https://t.co/rdqgiVvabu
Next cold shot coming into better view. Data trending colder in the 6-10 day period and the AIFS ECM sniffed it out well ahead of the ensembles once again. #AGwx#corn#soybeans#oatt
https://t.co/NbZ8MYaz00
How is this year of the collapsing #grain#markets affecting #farmers & their #rural communities? Chad Hart, #ag economist from ISU joins me today to examine how rural America is coping, and what you should change before next year.
https://t.co/CsGiYGyJlw
#USDA's #WASDE report sent the #soybean#futures swirling down the porcelain chute with higher yields & higher acres than expected!
Matthew Kruse, pres of #Commstock, joins me as we search for hidden clues about the #ag#markets.
https://t.co/aa1VIheztW
#Futures#markets tried to rally today, but spun out & slid backwards, basically neutering #market bulls for the time being.
Meanwhile, harvesters are revving up their engines to refill the pipeline. Joe Camp of #Commstock joins me to assess the risks.
https://t.co/u8YFauOKXY