Agribusiness Report: July 14

Friday morning, the USDA released the latest World Ag Supply and Demand Estimates or WASADE report. With acreage and stocks established at a baseline in the June 30 reports, the trade’s pre-report focus shifted yield projections.

And according to the USDA’s Agriculture Research Service, most soil tests don’t correctly account for soil microbes which mineralize organic nitrogen and make it more available to the crop. That can lead farmers to use more fertilizer than they need.

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