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Variability seemed to be the watchword as scouts reported results from the first day of the 2026 Pro Farmer Crop Tour. In the west, drought appeared to take a toll, particularly on corn, while historic rains and flooding raises concerns for the soybean crop.
Tune in tonight to hear Day 1 results from South Dakota and Ohio. You can follow all the action over the course of the Tour, which runs through Thursday and across seven key states on Profarmer.com. You can check out today’s action and catch tonight’s results right here.
Check out: Preliminary route reports from the western leg of the Crop Tour and Preliminary route reports from the eastern leg of the Crop Tour
Market recap: Weather concerns were front and center for soybeans and corn on Monday.
- November beans rallied 23 ½ cents to end at $12.16 on expectations flooding and excess moisture will cause some crop damage. China demand and strength across the soy complex, with surging diesel prices underpinning demand for soybean oil, were also supportive.
- December corn rose 6 ¼ cent to $4.89 ½, its highest finish in three week, boosted by weather and a surge in corn export inspections.
- Wheat saw a mixed performance, with downside limited by strength in corn and soybeans. September soft red winter wheat ended unchanged at $6.74 ¾, September hard red winter wheat gained 4 ½ cents and September spring wheat fell 3 ¼ cents.
- December cotton rose 68 points to 85.48 cents, hitting a three-month high alongside higher grain prices and a weaker U.S. dollar.
- October live cattle lost a dime to end at $218.775, while September feeders fell $1.60 to $332.95.
- October lean hog futures edged 2.5 cents lower to $81.725.
Crop conditions update: USDA’s weekly Crop Progress and Condition report released Monday afternoon showed a slight decline in both corn and soybean conditions, while spring wheat was able to rebound slightly. The Pro Farmer Crop Condition Index, which provides a single, weighted, easy to track figure, saw a 2.67 point decline for the U.S. corn crop, while the soybean CCI declined 1.89 points. For a detailed look at this week’s CCI readings, click here.
Fort Morgan beef plant lockout to end: Cargill employees voted to end a labor dispute that had halted cattle slaughter at a beef plant in Fort Morgan, Colorado, since April and left about 1,700 workers without pay, Reuters reported. Workers will return to the plant around August 24 and slaughtering is expected to restart the week of September 7, Cargill said.The company stopped paying plant workers in May after suspending cattle slaughtering at the facility a month earlier in a dispute over pay, the report noted.
A landmark fertilizer shipment: Margy Eckelkamp reports that a vessel carrying approximately 54,000 metric tons of Triple Super Phosphate (TSP) has arrived at the Port of New Orleans, marking the return of Moroccan phosphate fertilizer to the U.S. market following temporary relief from countervailing duties (CVD). The shipment was announced by OCP North America. StoneX Vice President of Fertilizer Josh Linville says the significance is straightforward: “Because we haven’t seen Morocco since 2021.” He adds the supply change could help phosphate fertilizer economics, though not immediately to “normal” levels. “I’m hoping we’ll start to see a little bit of price alleviation. I don’t think we’re going anything close to normal, but at this point, we’ll take whatever dollars we can get,” Linville said.