Pro Farmer
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