Catching Up On Soybean Export Numbers - MIP Markets with Chip Nellinger
Takeaways
The corn crop may not reach the projected yield due to dry conditions and tar spot disease.
The wheat market has been declining despite bullish news, which could impact the corn market.
China is buying US soybeans, but it may be challenging to catch up on export numbers.
The beef market is stabilizing, and building a base in prices is crucial.
The September crop report will provide more clarity on the actual yield of corn.
Sound Bites
"Game day, It's game day. Game day. Got Friday night. Got a game tonight."
"That's what is behind this little little bounce."
"That says, if we do end up under 180, the way the demand is, this thing could take on a little different life."
Chapters
00:00 Introduction and Discussion of Current Market Conditions
02:01 Assessing the Impact of Dry Conditions and Tar Spot Disease on the Corn Crop
04:56 The Volatility of the Wheat Market and Its Potential Impact on Corn
09:16 Challenges in Catching Up on Soybean Export Numbers
13:58 Stabilizing the Beef Market and Building a Price Base
16:34 The Importance of the September Crop Report for Corn Yield
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