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Grains fell under pressure into the break but soybeans continue to show relative strength.
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.
Grains are mixed overnight, but soybean futures continue to rally.
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.
After the Bell | August 23, 2023 Grain and soy complexes ended on a high note amid weakness in the U.S. dollar and escalating tensions between Russia and Ukraine.
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Corn and wheat saw relatively quiet action overnight with corn going into the break at session highs. Soybean futures saw relative weakness, though saw some strength into the break.
Grains were relatively flat overnight but soybeans continue to face pressure.
Observations from Day 2 of Pro Farmer Crop Tour from Brent Judish
Day 2 results from the Western Leg of the Pro Farmer Crop Tour
Day 2 observations from eastern Crop Tour leader Brian Grete
Day 2 observations from eastern Crop Tour consultant Mark Bernard.