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Nebraska soybean pod counts down 5.5% from year-ago, rain needed soon; state’s estimated corn yield up over 4%.
Grain futures edged up in overnight trading, while soybeans continued the slide seen during Tuesday’s trading session. Surging beef prices seem likely to support cattle, while late pork losses bode ill for hogs.
My observations and comments from Day 2 of Crop Tour.
Day 2 Crop Tour results. Rain still in the forecast for the Northern Plains, Canada’s Prairies. China’s YTD grain imports up sharply from 2020. FOMC minutes due to with focus on tapering discussion.
Ear counts indicate bigger Nebraska, Indiana corn yields.
Mark’s comments and observations from Day 2 of Crop Tour.
Stream our nightly Crop Tour meetings here. The video begins at 7:00 p.m. CT.
Get preliminary updates from Tour leaders as they make their way through Nebraska, Indiana and Illinois.
Big wheat losses weighed on corn and soybeans Tuesday, eventually reversing early bean gains tied to announced daily sales. Livestock futures set back on concerns about wholesale strength translating to cash markets.
My observations and comments from the first day of Crop Tour.
From the Rows | August 16, 2021 Crop Tour Day 1 shows South Dakota corn, soybeans under dryness stress.
The grain markets look set to open weakly today, but the daily announcement of more soybean sales should boost soybeans. Whether the livestock markets will build on Monday’s gains is questionable.
Day 1 Crop Tour results for South Dakota and Ohio. Biden defends withdrawal amid deadly chaos in Afghanistan. China’s sow herd contracts for first time in nearly two years.
Centrist Democrats still insist on bipartisan infrastructure vote
Mark Bernard’s Day 1 observations and comments from the eastern leg of Crop Tour.
Emily Carolan shares a recap of Day 1 of the Pro Farmer Crop Tour from the data bunker.
Spring wheat ratings held steady, with just 11% of the crop rated “good” or “excellent.”
The grain and cotton markets paused in the wake of last week’s big gains, while soybeans were supported by another daily export sales announcement. Livestock futures seemed to garner strength from discounts to cash
Tour leaders share preliminary comments and results from their routes through South Dakota, Nebraska, Indiana and Ohio.
The July crush came in nearly 4 million bu. lighter than analysts anticipated, with soyoil stocks unexpectedly climbing for the month.
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