From Dodge City to DC: Agricultural Markets in Crisis While Wall Street Soars
The stark contrast between all-time stock market highs and multi-year lows in agricultural commodity prices creates significant challenges for farmers despite good-looking crops in the field.
• Soybean basis running $1.50-1.60 under futures prices in some areas with warnings of potential "no bid" situations
• Zero soybean sales to China as American Soybean Association urges administration to prioritize soybeans in trade negotiations
• Secretary of Agriculture acknowledges farm economy stress while USDA implements risk management program changes
• Canada removes some regulatory tariffs on US goods while maintaining auto, steel and aluminum tariffs
• CME Group partners with FanDuel, potentially creating betting markets on agricultural metrics like crop yields
• Cattle markets reach record highs while wheat faces poor basis and demand challenges
• Big Iron Farm Show scheduled for September 9-11 in West Fargo featuring market analyst discussions
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