Scariest Soybean Chart Ever

[@GrainMarketsandOtherStuff]

Good morning! I hope our soybean tombstone pic ages very poorly.

[@jackbarry9469]

Lol. U may be right though

[@outlander330cc]

That drought monitor isn't red enough in Indiana. It is way drier now than at any point last year. We've had 1.1" of rain in the last 6 weeks. Late planted corn in the middle of grain fill and curling hard, beans are shriveling up and dying.

[@jackbarry9469]

It seems like it lags a bit, for example, our area sometimes light yellow we get a huge rain and its swamp, takes time b4 the mesonet updates

[@dalecoffing8655]

NC Indiana. It's dry. Working on day 15 without any rain. When we don't get a rain for 2 weeks it gets dry. Crops getting pushed to harvest by dryness and heat.

[@dougrepp2551]

I am in Central Iowa. Joe and just pulled 190 acres of 104-day corn, it beat the farm record by 14 bushel to the acre at 264 per acre. Moisture was coming in at 24.5 and flew through the dryer and now we're hauling it off to town waiting for the next number to dry down, we've got to make room for this huge crop to come in. Thanks!

[@tedbruns515]

Great show this morning. Bean price will hold steady until Brazil crop gets growing. If it gets growing? Depends on weather.

[@plowboy7700]

Drilling wheat. Had to skip a field because I couldn't even get the drill in the ground. It's a bit dry.

[@anabolicamaranth7140]

This Brazilian drought threatens the lives of billions of factory farmed Chinese chickens.

[@robburkett1671]

There's going to be guys dropping like flys if there soils can't support a avg of 200 plus corn avg and 60 plus beans at these prices for any long term!

[@fredjones6333]

It is far drier here along the Wabash in se Illinois then last year. Virtually no rain since the middle of july and temps in the upper 90s many days.

[@agwhoneedsaphd2643]

In regards to your soybean comment "it was a miscalculation in the market." I think most savvy farmers' minds jumped to the conclusion that the allowance of the used cooking oil was profitable to some, and the concurrent drop in soybean price as being very profitable for others. To roughly quote the late George Carlin "In big business and politics mistakes don't just happen."

[@ryanmarkey5012]

Our next chance of rain southwest Ohio is Sept 22. The drought monitor seems to be a week behind.

[@anabolicamaranth7140]

We won’t get much sympathy from those counties farther to our north and east.

[@beercatphil]

From memory, putin made the same threat when Ukraine was given Javelins, Bradleys, Himars, Abrams, Cluster Munitions, and F16s. There may be other instances I'm forgetting. Oh, yeah, when Germany authorized Leopards, when the UK/France sent Storm Shadows, and before Germany backed down on sending Taurus. There's probably a dozen more though.

[@AnthonyWilson-pe3uf]

Key difference this time unfortunately is that these weapons could be aimed at Russian soil.

[@danimrie]

harvested our first soybean field yesterday in south central wisconsin, looked good from the cab but yield was 5 bushels less than expected, beans were small and dry (10.5%)

[@Luke-br1hr]

88 bushel corn for NC 💪. Probably still too high from what I am seeing

[@nickkercheval2704]

I’m hearing 40 to 50 in the Dillon area

[@Luke-br1hr]

@@nickkercheval2704 I have heard of pretty bad quality issues out in eastern NC as well

[@don66hotrod94]

Locally, no pasture left and winter wheat won't germinate due to lack of soil moisture. Beans and corn drying up quickly. NE WI.

[@gmil2573]

It is curious there is such concern for ongoing inflation when it is quite apparent that there is surplus commodities all over the place. Surplus of labor likely next.

[@AnthonyWilson-pe3uf]

Agree. That said, the cost of generally everything at the retail end remains significantly higher than it was pre Covid.

[@anabolicamaranth7140]

In the past, if you bought beans at times when the stock/use ratio was high, you did well over the next couple years.

[@hoffrun]

Looking for some follow up on potash. In 2022 Michigan granted $50 million to the Michigan Potash and Salt Company towards a $1 + billion potash mining operation. In 2022 potash was at $1200+ per ton , now less than $300 per ton. Is that project still going forward ? It's not a media story but someone knows something 🤷🏼‍♂️

[@buildmotosykletist1987]

Our Aussie premium cattle this year have already been sold into ROK, Taiwan and Japan at very good prices too. I'm bullish the cattle market (sorry I could not resist).

[@waylinvanhalen]

Central Sodak corn is fkn laughable. 50 bushel. Dust and cracks ...Milo is even burning up

[@robburkett1671]

We just fell into a severe drought in n.w.Ohio it bad here!

[@jimmy999-z2j]

Happy Friday

[@sandsock]

i tried rolling some 9/13 nw central ohio. the beans are smaller than BB's and hard as rocks. neighbor tried running some beans and they were testing 8-9%. with the low average pod count. i used to think 45 bushels a acre. i now think with the size of BBs, i think we will see 25 bushels per acre. i dont know if we catch some rain in about a week, if they will inflate enough to get some volume. this just turned from not great to very bad. this year is going to eat through the carry over really quick.

[@mikehiggins2621]

Final crop tour around ohio next week. Reports saying mature corn crops, but lower test weights.

[@utubedude2842]

Grain prices are never coming back. China has made farmers in all corners of the world. Plus, they’ve given them 10k tractors. We are no longer competitive.

[@user-kc9xu9tm3n]

Buy bean puts options since the bean carryover is at a Record.

[@davehughesfarm7983]

Do it.. Buy 3 or 4.

[@user-kc9xu9tm3n]

@@davehughesfarm7983 if I dew. I'll have to pay taxes. 😂

[@hokie1666]

are those export sales figures off or is the change in the marketing year messing with me? I'm seeing net corn sales of 2.120 MMT and 2.428 MMT for beans.

[@GrainMarketsandOtherStuff]

Your numbers are a combo of new sales + old crop sales that were rolled forward into 24/25.

[@lukerusk2537]

Ok, so corn is worthless, beans are worthless and wheat is not profitable. So what are American farmers supposed to grow to make a profit? Question that I’ve been kicking around.

[@Friendznco]

God knows how beans are still above $10.

[@buildmotosykletist1987]

Record crop yields world wide while climate is depleting our soils.

[@fredjones6333]

Cattle need to tank.

[@davehughesfarm7983]

what? you must not have cattle?

[@fredjones6333]

@@davehughesfarm7983 steaks are overpriced.