Chicago grain, soybean futures drop after USDA forecasts
A massive U.S. corn crop sends futures slumping following the Thursday, Nov. 9, WASDE report.
Stay updated with breaking news from Record Corn Crop. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A massive U.S. corn crop sends futures slumping following the Thursday, Nov. 9, WASDE report.
Living. >> it could be the other ways than doing it through these government regulations. >> around 40% goes to ethanol right now, but within that there's a whole lot of corn that comes back. they use c grains going into these other feed uses for catalogs and poultry so is just one of the many tools to help farmers. if you really look at it, we need all kinds of different things to help egg products out there. >> i agree. >> this is a great tool in the toolbox and it's one of the things that we need to continue, we are producing more corn, last year was a record corn crop, the biggest one we'v...
Living. >> it could be the other ways than doing it through these government regulations. >> around 40% goes to ethanol right now, but within that there's a whole lot of corn that comes back. they use c grains going into these other feed uses for catalogs and poultry so is just one of the many tools to help farmers. if you really look at it, we need all kinds of different things to help egg products out there. >> i agree. >> this is a great tool in the toolbox and it's one of the things that we need to continue, we are producing more corn, last year was a record corn crop, the biggest one we'v...
It's garden of eden century where we may have a -- eden summer with a record corn crop, and i don't see the overpowering heat we saw in 2010 through 2012. instead looks like a great summer. the real problem will be the hurricane season, a lack of total storms but what storms that are going to occur could have high impact especially along the eastern seaboard. very concerned it about that. >> you probably -- i'd be remiss if i didn't mention the climate change studies and concerns by the u.n. and those advocating for big spending, even states getting sued by insurance companies because the didn...
Traders and prices fell below average for the federal time since 2011. so the end of the day mother nature has the last say. >> neil: but these weather, reef rated price gyrations short-lived? do they have much staying power or depends how long a cold snap lasts but what does history tell you what to expect? >> heating bills could be very, very volatile. but it can impact prices for the next season. we have to keep prices higher to make sure we get rid of suppliful right now for natural gas we should be putting away supplies for winter. and we're not doing that. let's look at the grain market....