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Pro Farmer estimates the U.S. corn crop at 14.960 billion bu. with an average yield of 172.0 bu. per acre. We estimate the U.S. soybean crop at 4.110 billion bu. with an average yield of 49.7 bu. per acre.
Soybeans continue to show relative strength with steady gains overnight, and corn futures saw strength into the break as well. Wheat futures traded higher overnight but still maintain a tight trading range.
Corn futures saw some slight pressure overnight while soybeans continue to show relative strength. Wheat futures showed moderate strength as well, led by the HRW and HRS contracts.
Scouts measured average corn yield potential of 181.34 bu. per acre. Pod counts in a 3’x3’ square averaged 984.39.
Farm bill: Timing | Funding | Issues | Floor strategy | Safety net | Research | Trade
Day 2 observations from eastern Crop Tour consultant Mark Bernard