While application season is still weeks away, retailers and other suppliers are encouraging farmers to reserve product now.

Craig Turner with StoneX says corn and soybeans saw additional profit taking Thursday and pressure from harvest pressure and record soybean production estimates for Brazil.

Scott Varilek with Kooima Kooima Varilek, says the last time placements and markets were this low was in 2015, which may be signaling heifer retention is starting to take place.