Agriculture News
Wheat sales for the week ended Aug. 28 were down 46% from the previous week and 51% from the four-week average. New-crop corn sales were strong, while net soybean sales were near the low end of pre-report expectations.
Corn and soybean acres impacted by drought increase slightly
Union Pacific is pursuing an acquisition of Northfolk Southern but will have to meet an elevated standard before being approved. The merger could be in opposition to President Trump’s executive order on monopolies.
Dry weather across portions of the country are impacting conditions.
A look into what the market typically looks like in September.
Corn, soybeans and wheat are under pressure to start the week with livestock futures on the rise...
Traders were expecting net new-crop soybean sales for the week ended Aug. 21 to range from 450,000 MT to 1.0 MMT.
$15 to $20 per acre decrease in 2026 cash rents projected
Conditions declined but still remain stronger than last year
Monthly survey of bankers finds growing pessimism
The team dives into the Crop Tour results, what moved the markets last week and what to watch out for this week.
USDA reported weekly wheat inspections totaled 946,472 MT for the week ended Aug. 21, which were more than double the previous week and well above pre-report expectations.
Access this week’s newsletter here.
Pro Farmer estimates the U.S. corn crop at 16.204 billion bu. using an average yield of 182.7 bu. per acre. We estimate the U.S. soybean crop at 4.246 billion bu. at an average of 53 bu. per acre.
Tour records were discovered in both Minnesota and Iowa.
The western leg of the crop tour took us through Minnesota Districts 4, 5, 7, 8 &9. It was the best crop I’ve seen in Minnesota.