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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.
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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.
Scouts measured average corn yield potential of 167.22 bu. per acre. Pod counts in a 3’x3’ square averaged 1,160.02.
Scouts measured average corn yield potential of 180.89 bu. per acre. Pod counts in a 3’x3’ square averaged 1,309.96.