News
USDA surprised to the upside on Corn yields
USDA increased the national corn yield by 7.8 bu. per acre while also increasing harvested acres.
The disease arrived early—right as corn entered the grain fill stage—and experts are unsure of how severe it will become. Yield losses can top 30% depending on infection levels.
Corn, soybeans and wheat each favored the downside in overnight trade, giving up a significant chunk of Monday’s gains.
Grain futures prices pull back overnight
Conditions remain relatively good for early August
During the week ended Aug. 7, corn export inspections rose, while soybean and wheat inspections declined.
This week, the team discusses what to look for and what to expect from Tuesday’s USDA reports.