Market Trends Commentary – September/October

U.S. and the World

It is that time of year when harvest is starting up in the main US corn belt and in Ontario. With October clearly in the cross hairs, combines will surely start to roll soon. It has been a very uneven growing season especially coming out of a very late spring in the Eastern Corn Belt. That late start has defined much of the market narrative throughout the summer. As we careen into fall, the combines will surely tell the yield story, which has been so difficult to grasp coming out of June.

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Market Trends Commentary – August/September

Market Trends Commentary – August/September

U.S. and the World

With September in the near distance crops across the United States and Canada continue to tread their way toward harvest. It certainly has been a tumultuous production season with a very wet planting season in the east and a much more normal planting season in the western corn belt. Getting a handle on this crop size has been difficult because of the variability that came out of the spring. This uncertainty became almost institutionalized over the last eight weeks. It was partly perpetuated by published United States Department of Agriculture (USDA) numbers, which came out of the wet spring. On August 12 the USDA weighed in with their latest crop projections. 

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