News
USDA cut corn yield by 2.4 bu. to 175.1, while soybean yield was lowered by 1.1 bu. to 50.9 bu. per acre. Soybean ending stocks were pegged at 245 million bu., less than the avg pre-report estimate, while corn was above.
Corn and rice crops in China take a hit, a vessel carrying Polish wheat may spark EU tension and Biden calls China, “bad folks”...
Hot PPI report | USDA reports | Hurricane season | Maui wildfires | U.S./Mexico GMO corn
Light price action is expected in the grain and soy markets this morning ahead of USDA’s August crop reports.
Corn, soybeans and wheat traded in relatively tight ranges during the overnight session as traders awaited USDA’s August crop reports later this morning.
Kansas City Federal Reserve Bank finds continuing strong demand for farmland despite declining profit margins.
Quarterly survey finds strong financial conditions in rural ag banks.
Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.
China braces for another typhoon, Biden seeks more aid for Ukraine and Rosario Grain Exchange expects an Argy crop recovery...