Agriculture News
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Quarterly Fed Bank survey finds strong demand for rural land.
Analysts expect smaller corn and larger soybean crop estimates from USDA next Tuesday. Find more pre-report expectations here.
Several rounds of storm systems led to some drought improvement to the Midwest and Plains the week ending Oct. 5, but drought/dryness worsened in areas that missed out amid unseasonable warmth.
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
Corn and soybean basis ticks up after extended declines.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom
“At least the sunsets were pretty. That’s the best I can say about the summer of 2021,” says guest blogger Mark Wagoner of Touchet, Washington.
Find highlights from today’s Crop Progress and Condition Report.
Soybean rating improved slightly as harvest accelerated across the Midwest.