With 82% of Iowa’s farmland paid for, landowners have built up buying capacity.
USDA released its weekly Crop Progress Report Monday.
The U.S. dollar is lower, helping the prospects of a turnaround in prices or limiting losses.
World crops feel the pinch of unfavorable growing weather.
In both crops, Minnesota farmers remain behind everyone this planting season.
Going into the weekend, investors are looking for bullish news to trade.
BSE has caused FDA rules that restrict rendering plants from picking up just any dead animal, making it difficult for farmers to dispose of dead cattle.
Otherwise, investors see a relatively quiet end to the week.
The crude oil market is set to scream higher this spring and summer. Will this help boost higher corn and soybean prices?
The USDA Crop Progress Report shows data collected as of Sunday. So, if corn was planted on Sunday, that activity might not be in this report.