Commodity Markets, Prices & Futures
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Latest Market News & Analysis
Grains mixed overnight as Crop Tour limits buying interest
We saw a very healthy corn crop overall along our route across the western leg. Soybeans will require rains for a strong finish.
Yield potentials are strong in Nebraska, but yield-robbing factors may present challenges.
A variable crop was featured across Indiana and Illinois. Disease and nutrient loss were each noticeable throughout today’s travels across the eastern leg of the Crop Tour.
Crop Tour scouts found new records in Indiana and Nebraska, though challenges remain as the crop inches toward harvest.
Scouts measured average corn yield potential of 179.50 bu. per acre. Pod counts in a 3' x 3' square averaged 1348.31.
Scouts measured average corn yield potential of 193.82 bu. per acre. Pod counts in a 3' x 3' square averaged 1376.59.
Economist Dan Basse predicts a bullish outlook for the beef industry, with projected 2025 revenue of $113 billion — compared with $57 billion for corn.
Preliminary results from the Tour leaders and Consultants on the eastern and western legs.