Agriculture News
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.
The best was saved for last. Eastern Iowa crops were much better than what we sampled earlier in the week.
A look at how state-by-state Crop Tour data stacks up against USDA.
Scouts measured average yield potential of 202.86 bu. per acre. Soybean pod counts in a 3' x 3' square averaged 1,246.86
Scouts found average corn yield potential of 198.43 bu. per acre. Soybean pod counts in a 3' x 3' square averaged 1,562.54.
Preliminary results from Tour leaders and Consultants on the eastern and western legs.
Nearly all the contintental U.S. is expected to be warmer than average
Corn and soybean acres impacted by drought increased this week
Net corn sales for 2025-26 during the week ended Aug. 14 exceeded expectations by 860,000 MT. New crop soybean sales were also stronger than expected.