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Soybean and corn farmer Bob Brockman explains how the summer drought has impacted his crops.
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Thank you.
Maybe we'll get a little relief and fade prices with today's sell -- soy -- like just about everything else are down but.
There's still near that record high set on Friday of seventeen dollars and fifty cents a bushel.
Looking for -- in many places and if farmers don't see it's in -- been traders saying you -- at twenty dollars and terms soybean prices Jeff Flock is in Illinois today.
Back in the fields with the latest Jeff.
Goldman Sachs today yes -- twenty dollar beans which Bob rock and says -- my -- came believe that the take a look at this soybean field here.
Some of the damage is already been done these are look at the Japanese beetles on the -- if you -- -- that already beaten a few of your -- -- -- these crops have been under stress Bob for a long period of time.
Yes they have start out.
With the lack of moisture right at the beginning of the season when not.
We will we were planning and then not the lack of moisture.
Kinda stayed on until just recently in a recently they got some rains here.
I wanna take a look though at the chart take a look at the soybean chart it's just almost incredible to see -- mountain that's climbed.
50% gain in the last month or so.
But if we look at today of course we have a sell off partly that is -- one.
Global economic concerns but also -- this rain that you've gotten and -- may get.
Yes side private forecaster has rain and -- in the forecast for almost every day this week costs.
Not a general rain but job.
About fifty to 80% some -- showers and that would be very important particularly the soybean crop because.
I don't know Florie comes over here maybe you see we're just starting to get some of the flowering on this which -- turn to pods and eventually turn to soybeans this could be in much better.
Shape than the corn but I leave you with -- our friends what they went away the Japanese beetles but -- there throughout here so you gotta think about.
Bugs to.
Farming always interesting.
Jeff thank you so much for that Jeff Flock covering it all for it.
