Other than the great weather, there isn't much to smile about since soybean harvest started: The basis in the Northern Plains has plunged far below historical levels, while prices across the board, including soybeans, are quite a bit lower than the past three years. Indications are that much the same is true for spring wheat. So....is there any good news?
USDA-NASS released its annual Small Grains Summary hours before the federal government shutdown on September 30th. The good news? Minnesota's spring wheat crop averaged 69 bu/acre, eeking out a new state record by 0.5 bu/acre. A tiny bit of good news.
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