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USDA shocks the market with higher corn & soybean yield, production and carryout. Lower winter wheat acres and carryover slightly friendly. SA numbers were not supportive either. Jim McCormick, AgMarket.Net
Soybeans Soybean plantings are predicted to fall by nearly three million acres in the 2023/2024 marketing year. A competitive market is placing downward pressure on soybean prices. Wheat Planted acreage of wheat was down last year, but is expected to stabilize in the 2023/24 marketing year. per bushel in 2023/24.
Second, on the mark-to-market on trust owned assets, it also applies to a partnership or any other non-corporate entity that has owned property for at least 90 years. Let’s take a look at a quick example: Assume ABC partnership was formed in 1940 and owned 1,000 acres of land in the California San Joaquin valley.
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