Nov 04 | Closing Market Report

With the Midwestern corn and soybean harvest virtually complete, traders are aggressively shifting their focus to next week's USDA supply and demand report. In today's Closing Market Report Greg Johnson of TGM, Total Grain Marketing, notes that while national yield estimates might increase, Illinois corn yields are tracking noticeably lower, leaving soybeans with considerably more downside price risk than corn. Next month, producers must finalize their ARC and PLC safety net decisions by a December 11th deadline, with University of Illinois experts currently favoring ARC-County for most corn and soybean acres. Looking globally, Drew Lerner of World Weather Incorporated reports that while Argentina is soaking up favorable El Nino rains, central Brazil and Russia's southern winter wheat regions are still struggling with lingering dryness.

01:58 Ag Markets with Greg Johnson, TGM Total Grain Marketing

12:08 ARC / PLC decision for the crop just harvested due December 11

13:31 Ag Weather with Drew Lerner, World Weather Inc

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