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USDA cut its soybean crop estimate a little more than anticipated, while the cotton crop came in well below expectations.

In its September WASDE, USDA increased planted corn acres, offsetting the reduction in yield to 173.8 bu. per acre, down from 175.1 in August. Soybean planted acres rose slightly, while the yield was trimmed to 50.1 bpa.

Corn, soybeans and the winter wheat markets have turned weaker this morning after two-sided trade earlier in the overnight session.

Both crops continue to be rated under year-ago.

Weekly new-crop corn inspections have kicked the marketing year off ahead of last year at this time by over 4%, while soybean inspections lagged by over 21% in week ended Sept. 7.

Short-term trend in live cattle turns bullish.

Corn and soybean futures mildly favored the upside in light trade overnight, while wheat posted modest losses.

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USDA reported weekly new-crop corn sales of 949,700 MT in week ended Aug. 31, which was near the top-end pre-report range, while soybean sales totaled 1.78 MMT. A fresh marketing year began Sept. 1.

Corn, soybean and wheat futures held in tight trading ranges during a quiet overnight session.

Our updated monthly and quarterly price forecasts.

Corn, soybeans and wheat held in tight trading ranges during a quiet, two-sided overnight session.

Corn and soybean basis drops sharply as harvest gets an early start in some areas.

Corn and soybeans were supported by deteriorating crop condition ratings during overnight trade, while wheat also traded higher.

Illinois led the ratings declines, though most of the top production states dropped.

USDA's Weekly Export Inspections data was within pre-report estimates, though corn and wheat inspections fell notably on the week, while soybean inspections rose slightly.

The Current Conditions Index fell 10.7% in August, while the Future Expectations Index declined 4.0%. The overall ag barometer was 1.7% lower than August 2022.

Short-term trend turns bullish for rice futures.

Corn and soybeans are expected to open with a weaker tone coming out of the holiday weekend, while wheat is likely to be mixed.

Corn, soybeans and wheat held in relatively tight ranges in two-sided trade overnight.

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Grain and soy futures are expected to open with a firmer tone to start the new month after corrective gains overnight.

The new month kicked off with corrective price gains in the grain markets overnight, led by soybeans.

Cash soybean prices mildly firmed while corn and wheat values dropped over the past week.

The overall drought footprint across the U.S. was unchanged, but corn, soybean and cotton areas worsened.

Corn is expected to open modestly higher on light corrective buying, while soybeans and wheat are likely to face price pressure.

Corn and soybeans posted two-sided trade overnight, while winter wheat futures were unable to build on yesterday’s corrective gains and spring wheat faced followthrough selling.

Corn and soybean basis falls ahead of harvest.

Farm managers' mid-year farmland price trend report.

Corn, soybeans and the winter wheat markets are expected to open higher amid light corrective buying.

Corn, soybeans and the winter wheat markets traded higher overnight amid corrective buying, while spring wheat faced mild selling pressure.

Grain and soy futures are expected to open lower, with the exception of spring wheat.

Corn, soybeans and winter wheat markets traded lower overnight, while spring wheat was mixed.

Iowa and Nebraska led the CCI declines, while crops in Illinois improved.

Short-term turns sideways for corn.

Corn and soybean futures were supported overnight by crop concerns amid expectations for a poor finish to the growing season, while wheat futures slumped.

Pro Farmer estimates the U.S. corn crop at 14.960 billion bu. with an average yield of 172.0 bu. per acre. We estimate the U.S. soybean crop at 4.110 billion bu. with an average yield of 49.7 bu. per acre.

Day 2 observations from eastern Crop Tour consultant Mark Bernard

Day 2 observations from eastern Crop Tour leader Brian Grete

Scouts measured average corn yield potential of 181.34 bu. per acre. Pod counts in a 3’x3’ square averaged 984.39.

Scouts measured average corn yield potential of 182.80 bu. per acre. Pod counts in a 3’x3’ square averaged 1,190.41.

Preliminary route reports from Brian Grete, Mark Bernard, Chip Flory and Brent Judisch on Day 4 of the Pro Farmer Crop Tour.

USDA reported net soybean sales of 364,900 MT for 2022-23, which topped the pre-report range by over 160,000 MT, while new-crop sales were just shy of the top-end pre-report range.

Brent Judish gives you a personalized tour through his third day on the 2023 Pro Farmer Crop Tour.

Chip Flory gives you comparisons to last year and the three-year average for western Iowa - including some perspectives on the "challenges" facing the west-central Iowa corn and bean crops.

Day 2 observations from eastern Crop Tour consultant Mark Bernard

Day 2 observations from eastern Crop Tour leader Brian Grete

Day 3--Scouts measured average corn yield potential of 193.72 bu. per acre for Illinois. Pod counts in a 3’x3’ square averaged 1,270.61.

Day 3--Scouts took samples from Iowa districts 1, 4 and 7. Iowa's full results will be posted at the end of day 4.

Preliminary route reports from Brian Grete, Mark Bernard, Chip Flory and Brent Judisch on Day 3 of the Pro Farmer Crop Tour.