Agriculture News
USDA’s finds U.S. cropland values reach new high.
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IHS Markit Agribusiness and Linn & Associations estimated the U.S. corn crop will yield an average of 176.5 bu. and 176.16 bu. per acre, respectively.
Conditions were mixed for the Midwest the week ending Aug. 3, with heavy precipitation again favoring southern and eastern areas of the Midwest, with little to no rain in the Upper Midwest.
Old-crop sales of the grain were light, but in line with expectations. Wheat sales fell short of expectations. Soybean sales were in line with expectations, with new-crop business perking up a bit.
The ag economy barometer stabilized at levels similar to where it stood for much of 2017 through 2019.
On the other hand, soybean and spring wheat ratings unexpectedly improved. Find more highlights of USDA’s Crop Progress and Condition report.
This was the first weekly uptick in the spring wheat CCI of the growing season.