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Dryness in the western U.S. is also increasingly impacting cattle
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Cuts to yield were offset by increased acreage indications
USDA’s corn yield and ending stocks pegs landed below the average pre-report estimate, with harvested corn acres up by 1.2 million. Soybean production was slightly higher than expected despite a 0.3 bu. cut to yield due to a 1.4-million-acre-increase in harvested acres.
Corn, soybeans slightly higher on spillover strength from wheat
Major Ukraine drone strikes on main Russia Black Sea wheat-export terminals
Farmers hoping for rent relief in 2027 may face a tough reality: land values are holding firm, and cash rents are slow to follow margins lower.
Tapped by Secretary Rollins, Kip Tom is building a faster, satellite-driven replacement for NASS’s aging survey system, one he says could turn monthly reports into biweekly ones by year’s end for multiple crops.