Exports Explode as Crop Conditions Crumble

Jon Scheve discusses yield uncertainty for corn and soybeans as well as his final thoughts on the 2022 marketing year. Bottomline: He sold his corn for more than $7 and his sobyeans for almost $15, which he considers a success.

USDA forecasts net farm income will decline $41.7 billion (22.8%) from last year’s record to $141.3 billion in 2023, though that’s up from its February outlook of $136.9 billion.

China's GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.