This story saddens me. Growing up rural, each and every year I would look forward to the county fair. Animals, parades, questionable carnival rides and time spent with friends hiding out in the equipment on display were all apart of the excitement. But I'm afraid one fair tradition has come to an end. After 160 years the Michigan State Fair has been cancelled.
Speaking of fairs, the Colorado State Fair is underway in Pueblo, CO. Recently the it held the Colorado's Touchstone Energy Cooperatives Junior Livestock Sale which netted about $360,000 for youth. Check out how much the Grand Champion Beef went for.
The combines are rolling through the fields in the Corn Belt. Brett reported on this yesterday that harvest is ahead of schedule but is sooner always better? Doesn't seem so as yield reports are coming in lower than expected. I would sure hate to try marketing crops right now!
I touched on this possibility in Drought Sparks Wheat Prices Ablaze and it looks like we are at the start. It is thought that because of the drought in Russia the grain handling infrastructure would come under stress as soybean and corn harvest came under way. It is becoming apparent that this could hold true. The Gulf terminals, from where most corn is exported, are filling rapidly with corn. And we could see more stress on this infrastructure as demand for US wheat could rise as Argentinean and Russian wheat crops are hurt by drought.
That is all for today. I hope y'all have a good rest of the week and enjoy your three day weekend. I know I will. Cheers!