A rising U.S. dollar index pressured crop and hog markets today, though cattle showed relative strength.
Cash soybean prices mildly firmed while corn and wheat values dropped over the past week.
Corn and soybeans succumbed to selling pressure while hogs and cotton outperformed to the upside on Wednesday.
Weakness was seen across ag markets today despite the overall “risk-on” tone in the marketplace.
Markets saw upside for the most part today, led by soybean strength. Wheat and cotton struggled to maintain spillover strength.
Mixed action in the grains today with soybeans leading strength, corn closing roughly flat and wheat leading losses.
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.
Preliminary route reports from Brian Grete, Mark Bernard, Chip Flory and Brent Judisch on Day 4 of the Pro Farmer Crop Tour.
After the Bell | August 24, 2023
Preliminary route reports from Brian Grete, Mark Bernard, Chip Flory and Brent Judisch on Day 3 of the Pro Farmer Crop Tour.

Pro Farmer Editors