Weather conditions remained near ideal into mid-July, which helped produce the highest corn and soybean crop condition ratings since 2016. But there may be a hidden issue impacting corn pollination in some areas – overly tight tassel wrap. The extended price forecast suggests above-normal temps will be seen through the remainder of the growing season, but only a few pockets of drought are expected in areas of the western Corn Belt. The trade front remains active as U.S. trading partners are scrambling to get deals in place before President Trump’s Aug. 1 deadline to increase tariffs. Part of the reason Trump is pushing his aggressive trade stance is to reduce trade deficits, including agriculture. We have perspective on the ag trade situation from a former USDA chief economist on News page 4. We cover all of these items and much more in this week’s newsletter, which you can download here.
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