Agriculture News
Scouts measured average corn yield potential of 183.29 bu. per acre. Pod counts in a 3’x3’ square averaged 1,229.93.
Rural bankers grow more sour on their economies.
Weekly new-crop soybean sales topped pre-report expectations for the second straight week, while new-crop corn sales landed just above pre-report estimates.
Followthrough buying in corn, soybeans and SRW wheat overnight.
Our Market Watch table features monthly and quarterly price outlooks along with weekly prices for a variety of ag markets.
Corn and soybean basis drop along with cash prices.
Soybeans posted modest corrective gains overnight, while the corn and wheat markets faced light followthrough selling.
Ag bankers note only slight gain in values from year earlier.
Corn and spring wheat futures were unable to build on Monday’s gains during the overnight session, while soybeans and wheat faced followthrough selling.
All three crops remain rated well ahead of average for the second week of August.
Old- and new-crop corn ending stocks cut despite the bigger production estimate.