News
Iowa boasts the year’s best crop conditions. Can Minnesota build on last year’s records? Scouts will separate hope from hype.
Decline in Farm Financial Conditions Slows
Flooding and derecho damage in the east, drought in the Plains, and a surprise USDA yield cut have this year’s crop looking more uncertain than ever right as Pro Farmer Crop Tour scouts prepare to hit the fields.
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Tour scouts flagged Illinois’ struggles early last year, and similar warning signs are emerging.
China continues to chip away at soybean purchases
Today is an extra important trading day for the chart-based grain traders
Values Decline 3.7% on Inflation-Adjusted Basis
Disease pressure in Indiana and drought stress in Nebraska will be key factors to watch
Dryness in the western U.S. is also increasingly impacting cattle
Mild corrective pullbacks following yesterday’s gains
South Dakota corn ratings significantly below last year amid post-pollination heat, while Ohio’s late plantings and dry summer raise questions about ear counts and test weights.
Corn bulls need to show follow-through buying strength this week
From JBS Souderton’s $30 million value-added pivot to Tyson’s Nebraska shutdown, the processing sector is restructuring around high-efficiency plants, heavier carcasses and automated lines.
Cuts to yield were offset by increased acreage indications
USDA’s corn yield and ending stocks pegs landed below the average pre-report estimate, with harvested corn acres up by 1.2 million. Soybean production was slightly higher than expected despite a 0.3 bu. cut to yield due to a 1.4-million-acre-increase in harvested acres.
Corn, soybeans slightly higher on spillover strength from wheat