Your Pro Farmer newsletter (August 20, 2022) is now available

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The Pro Farmer Crop Tour is next week – the 30th year we’ve sampled fields on the third full week of August. Because USDA no longer collects objective yield samples in August, this will be the industry’s first broad look at field data from across the Corn Belt. The objective of Crop Tour is to find a representative sample of yield potential across the seven Corn Belt states from the more than 1,500 samples each of corn and soybeans. Heading into Crop Tour, crop condition ratings continue to decline, especially in the western Corn Belt. Unfortunately, the extended forecast doesn’t offer much hope for late-season relief in dry western areas. Meanwhile the drought in the western U.S. is causing water issues in the Colorado River basin. Low water levels are also an increasing concern in Europe and China. We cover all of this and much more in this week’s newsletter, which you can download here

 

Latest News

USDA Gets Criticized on H5N1/Dairy Cattle; Vilsack to Tap CCC for Funds; Trade Impacts Surface
USDA Gets Criticized on H5N1/Dairy Cattle; Vilsack to Tap CCC for Funds; Trade Impacts Surface

U.S. GDP increased at 1.6% rate in first quarter, less than expected

Ahead of the Open | April 25, 2024
Ahead of the Open | April 25, 2024

Wheat led strength overnight, with corn following modestly to the upside. Soybeans favored the downside and went into the break near session lows.

Weekly corn sales surge to 1.3 MMT
Weekly corn sales surge to 1.3 MMT

Weekly corn sales for the week ended April 18 topped pre-report expectations by a notable margin, while soybean sales missed the pre-report range.

First Thing Today | April 25, 2024
First Thing Today | April 25, 2024

Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.

Market Watch | April 25, 2024
Market Watch | April 25, 2024

Big weekly increase in cash wheat prices.

Midweek Cash Markets | April 24, 2024
Midweek Cash Markets | April 24, 2024

Wheat basis held relatively steady despite the big jump in cash prices.