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USDA’s good-to-excellent ratings for corn rise unexpectedly after hitting lows of the crop season
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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
A mismatch between USDA and Crop Tour findings is growing bigger
Lower closes across the board after impressive mid-session strength.
Corn futures fell about 5% as USDA raised the national yield. Former USDA chief economist Seth Meyer says the data raises fair questions, but he doesn’t think sampling alone explains the jump.
OSU’s Derrell Peel notes a delayed fall run may mean cattle numbers simply aren’t there, lending underlying support to Q4 prices.
Markets are still reeling from the fresh data in Friday’s report.