News
Monthly survey of bankers finds growing pessimism
The team dives into the Crop Tour results, what moved the markets last week and what to watch out for this week.
USDA reported weekly wheat inspections totaled 946,472 MT for the week ended Aug. 21, which were more than double the previous week and well above pre-report expectations.
Early this morning, U.S. health officials confirmed the nation’s first human case of screwworm in decades. Cattle producers are watching closely.
Corn led strength overnight as soybeans and wheat followed modestly to the upside.
Cool temps, little rain in Midwest this week
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Pro Farmer estimates the U.S. corn crop at 16.204 billion bu. using an average yield of 182.7 bu. per acre. We estimate the U.S. soybean crop at 4.246 billion bu. at an average of 53 bu. per acre.