Agriculture News
Corn, soybean and wheat futures faced mild selling pressure in relatively light overnight trade ahead of USDA’s October crop reports later this morning.
Weekly export sales data for week ended Sept. 29 proved uninspiring with corn over 120K MT short of expectations, while wheat was slightly above. Soybeans landed on the low end of pre-report estimates.
Expansion of drought will add to low water levels and shipping disruptions along the Lower Mississippi and Oho river valleys.
Corn, soybean and winter wheat futures traded lower overnight as outside markets provided price pressure.
Basis continues to fall for both corn and soybeans amid seasonal pressure during harvest and shipping problems to the Gulf given low water levels.
Scouts measured average corn yield potential of 177.4 bu. per acre. Pod counts in a 3’x3’ square averaged 1,027.
Scouts measured average corn yield potential of 190.8 bu. per acre. Pod counts in a 3’x3’ square averaged 1.218.
Scouts measured average corn yield potential of 196.30 bu. per acre for Illinois. Pod counts in a 3’x3’ square averaged 1,279.79.
Full results for the state will be released tomorrow.
Scouts measured average corn yield potential of 193.5 bu. per acre for Indiana. Pod counts in a 3’x3’ square averaged 1,240.