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Catch up with the latest analysis on the upcoming WASDE report from USDA, the prospects for a weather rally, signs of life in ethanol production, volatile wheat prices and more.

Ben Potter, Senior editor

July 8, 2020

1 Min Read
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Here’s a bit of trivia for you – it’s been 164 days (and counting) since July soybean futures closed above $9 per bushel. But prices have inched tantalizingly close to that benchmark earlier this week, spurred by optimism over recent China purchases and a lot of hot, dry weather in the forecasts.

What will it take for prices to clear the $9 hurdle? That’s one of the many topics we approached in the latest Midweek Markets podcast.

Also of note this week has been ethanol production’s slow-but-sure recovery since bottoming out earlier this spring. Red-hot wheat prices were also up for discussion today.

Up next, another big report is coming out Friday morning – the July World Agricultural Supply and Demand Estimates (WASDE) report from USDA. Will WASDE deliver more good news? Time will tell, but we dive into what it might take to move the needle.

Listen to the latest Midweek Markets podcast for July 1, 2020:

Farm Futures Market Update · 2020 - 0708 MM PODCAST

 

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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