A lackluster WASDE report had the same effect on the markets this week. Jerry Gulke, president of the Gulke Group, doesn’t think there's going to be a whole lot of change in acreage in USDA's report at the end of June.
This past week, USDA reported a soybean sale of 3.89 million bushels to China and another 4.4 million bushels to unknown destinations during the 2023/2024 marketing year.
The clock is ticking — and the current estate-tax exemption is set to plummet at the end of 2025. The smaller exemption coupled with inflation and land values likely means increased assets and estate-tax rates.
Focusing on marketing and margins will help farming's next generation protect against the ”unknown unknowns,” says Alan Brugler, a market analyst and adviser.
Corn acre estimates for the June 28 USDA report range between 87 million and 93 million. Jon Scheve breaks down the balance sheet for the bottom and top of that wide spread to better understand risk.
