#799 - “El Niño Rally? $5 Corn & $12 Beans” - Weekly Market Outlook: Aug 17-21

https://19-minutes.supercast.comCorn and soybean markets finished the week on a strong note after the latest USDA report, and Brian Split of AgMarket.net sees reasons for farmers to stay patient beyond their immediate harvest needs.Chris Barron and Brian break down the latest corn and soybean setup, including:December corn targets around $4.90, $5.00 and $5.05Why $4.70 matters short term and $4.60 is a major line in the sandThe $12 level in November soybeans and what could come nextStrong corn demand and what tightening carry may be telling the marketHow to handle the “iffy bushels” that may exceed available storageHarvest basis, cash-flow needs and fall delivery decisionsWhy South American weather and a strengthening El Niño could become increasingly importantWays producers can manage downside risk without completely giving up upsideBrian Split, [email protected]#GrainMarketing #CornMarket #Soybeans