Wednesday, October 18, 2017 2:25PM CDT
For View From the Cab farmers Brent and Lisa in Cedar Falls, Iowa, soybean harvest is about one-third done with yields about 6 bushels per acre lower than last year's excellent crop. Meanwhile, in Oklahoma, Zack Rendel was able to harvest 175 acres of soybeans with yields consistently above 40 bpa, which is profitable for him.
Wednesday, October 18, 2017 2:23PM CDT
Brazil's farmers want to expand their soybean acreage, but more rain is needed. Planting has been delayed, or some crops already in the ground may need to be replanted if rain doesn't come soon.
December corn was fractionally lower, November soybeans were 1 cent lower, and December Chicago (SRW) wheat was 2 cents lower.
Live and feeder futures should open moderately lower, pressured by follow-through selling and cash uncertainty. Lean hog contracts seem ready to begin on a mixed basis tied to residual selling on one hand and short covering on the other.