Current ag commodity prices

The link below shows the current futures markets for most major ag commodities. The good news is the Chinese are buying but the bad news is weather and other factors are holding the markets down. It has been a rough few weeks for corn, beans and dairy and the others are holding. The big factor for corn is in spite of 4 million acres less then original planting expectations and a smaller 2019 crop and growth in ethanol the price just can't move. We may be looking at some big harvests now that rain has hit some key corn areas. Adequate rain in August will make a big bean crop too. As you look at the futures there is hardly a return to storage at this time indicating to buyers why rush to buy.
Dairy was about $14.00 average two months ago. It was about $21 3 weeks ago and now down to about $17. Big swings for a perishable product. School lunch is a huge player for milk and dairy as kids drink more milk at school than they do at home.

Corn right next to me is moving but still very uneven due to clay and too much rain, but will make silage for sure and earlier. The wheat that did not get worked up this spring looks good. Lots of hay growing but not easy to bale and some fields to wet to travel on. Another wet week is likely coming our way.
https://countryvisionscoop.com/Grain/Futures
Bryce

Hay has been a nightmare here this year, 3 days without a shower is about impossible, however corn looks the best ive seen in a long time as it had adequate moisture during silking and beans are getting big too

You’re going to take a beating.

Corn and beans in the area I live are doing very well. A lot planted earlier had to be replanted due to too much rain. A lot of fields got planted pretty late. it almost looked like a lot of crops wouldn’t make it once the hot dry weather of summer set in. But then it started raining. Been getting a decent rain every 7-10 days, and the temps are cooler than normal. It’s now looking to be a good crop. Hay was too wet to cut early. Fields got tall, and grass was tough, but just too wet. Well drained and exposed areas have gotten a couple cuttings, and may get another if it’s dry enough. Not as many cattle around to feed though, so not sure what they’ll do with it all.

Around here corn will be excellent with the rains. A lot of beans planted late but with all the rain they should be good also.

Bryce that is good information for sure but I always preferred to hear it ready out loud by Dairy Brownfield LOL

Last summer at this time sockeye salmon were bring $1.50 a pound, this summer 85 cents a pound.

price of canned salmon in the stores is thru the roof.....maybe there will be a price adjustment