News
This year’s crop has been hyped up to be record breaking — we will see how that holds up.
Soybeans are pulling corn and wheat higher.
Yesterday, USDA released projections for a record corn harvest of 16.7 billion bushels and sharply lowered its expected average corn price—a combination that could lead to much higher commodity program payouts.
Trading action the rest of this week is critical for corn market
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.
The U.S. District Court for the District of Columbia upheld an exemption that removes the requirement to report air emissions resulting from the natural decomposition of livestock waste.
Soybean futures shot higher overnight...
Soybeans surged higher overnight, supported by Trump encouraging China to increases purchases of U.S. soybeans.
Traders await USDA supply and demand report out Tuesday
Market is factoring in an above trendline yield ahead of Tuesday’s USDA crop report.