Corn Pulls Back on Veterans Day

Nov 13, 2024

By Austin Schroeder

Following the strength from last week, the corn market felt pressure from outside and a weaker wheat market, as contracts were 1 to 3 ½ cents lower. The national average Cash Corn price from cmdtyView was down 1/4 cent at $4.04 1/4 per bu.

The Outside factors were in play today, with crude oil down $2.24/barrel and the US dollar index up 515 points. Weakness in wheat also played spill over pressure.

Export Inspections and Crop Progress data will be delayed to Tuesday due to Veterans Day to start the week.

Brazil’s first corn crop was pegged at 72% planted as of last Thursday according to AgRural.

Dec 24 Corn closed at $4.30, down 1 cent,

Nearby Cash was $4.04 1/4, down 1/4 cent,

Mar 25 Corn closed at $4.42 3/4, down 1 1/2 cents,

May 25 Corn closed at $4.49 3/4, down 1 3/4 cents,

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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.