The presence of the virus in the Americas paired with a surge in Haitian migrants at our southern border heightens concern the highly contagious disease could make its way to the U.S.
Drought spread across the Central and Southern Plains over the past week, as well as in southern and eastern areas of the Corn Belt, according to the latest U.S. Drought Monitor.
Cash spring wheat prices continue to climb.
Warm weather is likely to continue across most of the Midwest and Plains during October, according to updated weather maps from the Climate Prediction Center. The precipitation outlook for next month is less certain.
In contrast, corn sales slumped to less than 250,000 MT.
Corn and soybean basis weaken as harvest picks up and amid Gulf logistics issues due to Hurricane Ida.
The August crush figure still represented a substantial slowdown in the crush pace from monthly records set the first five months of the crop year.
Projected net farm income is expected to reach the highest level since 2013 this year, but net farm income is likely to fall $23 billion in 2022, according to FAPRI.
Its crop estimates continue to shrink against the backdrop of a punishing drought.