Chip Flory gives you comparisons to last year and the three-year average for western Iowa - including some perspectives on the "challenges" facing the west-central Iowa corn and bean crops.
After the Bell | August 23, 2023
Grain and soy complexes ended on a high note amid weakness in the U.S. dollar and escalating tensions between Russia and Ukraine.
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.
Weekly export inspections for week ended Aug. 17 showed inspections within pre-report estimates for corn, soybeans and wheat. Corn and wheat inspections rose slightly on the week, while soybeans declined notably.
Corn and soybeans are higher with wheat futures under light pressure to start the week. Cattle futures are higher with lean hogs lower to start the week...
Corn and soybeans both gapped higher overnight, but corn futures struggled to sustain gains. Beans remained strong throughout the overnight session while wheat futures gapped higher but have trended lower since.
The extended weather forecast from the National Weather Service calls for “equal chances” for normal, above-normal and below-normal rainfall across the central U.S. during September.
