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Corn, soybeans, and cotton all saw production forecasts increase
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Corn yield landed well above analysts’ average pre-report estimate, while soybean yield was slightly above.
All eyes are on whether USDA will cut new-crop corn yield toward the trade average of 177.8 bu. per acre—and what that means for ending stocks.
Positioning drove trade overnight ahead of USDA’s reports later this morning.
Grain futures edge higher in pre-report activity.
As lingering drought curbs herd expansion and plant shifts shake up packer leverage, Terrain’s Dave Weaber breaks down why recent import headlines may pack less market punch than expected.