Ahead of USDA's Sept. 11 WASDE report, corn, soybean and wheat prices have
surged to multiyear highs amid deteriorating crop ratings, declining yields,
and Black Sea supply disruptions, with traders watching for updated production
and stock estimates.
BUSDA Reports Preview
For the second week in a row, six of the eight major fertilizers are lower
compared to last month with the remaining two nutrients being slightly higher.
Just one fertilizer, UAN28, led the way lower. DTN designates a significant
move as anything 5% or more.
BDTN Retail Fertilizer Trends
IRS guidance on the 45Z tax credit rewards regenerative agriculture,
expands incentives for manure-based fuels, limits foreign feedstocks and
provides compliance relief for farmers.
BIRS Issues Long-Awaited 45Z Guidance
Heat from August continues in early September. But systems moving through
Canada will bring in some cooler air to some parts of the northern U.S. this
weekend and next week.
:^Ag Weather Forum
Both the live cattle and feeder cattle contracts have been inching higher
in recent trading days, but without strong fundamental support, it's unlikely
that the market will be able to surpass the resistance at the nearing 40-day
moving average.
=^Call the Market
