Export Erosion Impacts June WASDE Report

The latest Ag Economy Barometer shows farmer sentiment has soured as crop prices have tumbled over the past month, but it's not all gloom and doom. Strong working capital can help address the downturn in farm country.

Last week, 34% of the U.S. corn crop was covered in drought. This week it jumped to 45%. When it comes to soybeans, 39% are experiencing drought, which is an 11-point jump in a week's time.

As the 2022 marketing year comes to an end, Jon Scheve likes to review his trade decisions to evaluate performance and identify areas of improvement. He starts with his soybean basis decisions.