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Gary's Blog 10/29/25 1:54:51 PM
10-29-25
It’s been one wild ride the past few days with futures testing summer highs on trade deal talks. The big meeting with China is supposed to happen tomorrow and Friday and the anticipated “deal” could be announced. Funds have been big buyers which some believe they know a deal is coming. Basis has continued to narrow right through harvest which may be an indication the crop is smaller than what was advertised in the last USDA report. Locally harvest is nearly complete with maybe 5% remaining. Yields were all over from 120-280bpa in corn. It sounds like variability is similar all across the country. It’s always a challenge to peg national yield but this year has its own set of challenges.
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