On Friday USDA will release the August World Agricultural Supply and Demand estimates report.
Friday?s WASDE report is set to include re-survey results of acreage for North Dakota, South Dakota, and Minnesota because of the late planting season in 2022.
Naomi Blohm, Senior Market Advisor with Total Farm Marketing, says that there are a lot of questions about what the acreage numbers will look like.
Blohm says she is taking a cautious approach with her marketing strategy.
Cash basis has remained relatively stable as of late and Blohm points to basis as a key indicator of what is actually happening in the fields.
That?s Naomi Blohm, Senior Market Advisor at Total Farm Marketing.
