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Corn Acres Down Big in the Delta

Buried in USDA’s Prospective Plantings Report from late March is this little nugget. The three states with the largest percentage decline in corn acres….AR, LA, MS. Collectively the Delta is…

Structural Challenges for the US Delta Soybean Market

Soybean farmers in the US Delta recently wrapped up their second consecutive harvest with record low Mississippi River levels. With limited local crush capacity, nearly all Delta soybeans travel south…

Bean Oil Rally Culprits Are NOT What You Think!

There is no shortage of suspects when one looks for the culprit behind Chicago bean oil’s 50% fall since April 22.  The disappointing RFS announcement last year was a gut punch.  Incredible…

Hail State!

A Big Thank You! to Dr Will Maples for inviting me to speak to his Financial and Commodity Futures Marketing class at Mississippi State University College of Agriculture and Life Sciences yesterday….