Agriculture News
Grain and soy futures are expected to open with a firmer tone to start the new month after corrective gains overnight.
Corn, soybeans and the winter wheat markets traded higher overnight amid corrective buying, while spring wheat faced mild selling pressure.
Grain and soy futures are expected to open lower, with the exception of spring wheat.
Corn, soybeans and winter wheat markets traded lower overnight, while spring wheat was mixed.
Iowa and Nebraska led the CCI declines, while crops in Illinois improved.
Corn and soybean futures were supported overnight by crop concerns amid expectations for a poor finish to the growing season, while wheat futures slumped.
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.
Scouts measured average corn yield potential of 181.34 bu. per acre. Pod counts in a 3’x3’ square averaged 984.39.
Day 2 observations from eastern Crop Tour consultant Mark Bernard
Day 2 observations from eastern Crop Tour leader Brian Grete