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September objective yield data backs up Crop Tour findings of blank stalks and smaller ears, but USDA’s ear weight assumptions still don’t reflect the full extent of crop stress.
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Corn, soybeans and wheat favored the downside in overnight trade.
Unrelenting rains in parts of Corn Belt
The improvement in ratings is the first since early July
Cattle futures surge amid impressive gains in cash.
Sulfur prices have surged more than fivefold, threatening phosphate fertilizer production. With global supply tightening, farmers could face higher prices, or even fertilizer shortages, heading into the months ahead.
Bill Watts, Lane Akre and Spencer Langford break down USDA’s September Crop Production and WASDE Reports and what they mean for markets as harvest season gets under way.