For months, the most bullish thing I could say about wheat was prices were
fundamentally cheap and world supplies weren't burdensome. In one short week,
the conversation changed and now speculators are scrambling out of their short
positions.
FTodd's Take
DTN identified the 10 highest sales of farmland in Illinois on a per-acre
basis using the land analytics tool AcreValue. An institutional investor tops
the list, but farmers and individual investors bought the rest.
BTop 10 Illinois Farmland Sales in 2023
It is important to follow government and IRS reporting requirements. A
little time and effort can prevent issues down the road.
:^Taxlink
The corn and soybean crop in Argentina had looked really good for most of
the growing season. But late wetness has led to issues with pests, disease, the
inability for the crop to mature properly, and especially harvest.
7^South America Calling
I remain guardedly bullish in my outlook for the cattle complex through
the remainder of 2024. To be truthful, I think this year may be one of the
hardest to predict as the market's bearish and bullish influences are both
extremely boisterous.
4^Call the Market
