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Crop Tour scouts swept across Nebraska, finding variable yields and signs of heat stress on corn. Soybean pod counts also varied but seemed to indicate late rains could do some good.
Eastern leg scouts moved across Indiana and into Illinois. Flooding and water damage were evident in the Hoosier State, with some routes finding improved yields as they moved west. Day 1 saw results that affirmed heat and dry weather had taken a toll on crops in South Dakota, while corn yields and pod counts in Ohio raised questions about the eastern Corn Belt’s ability to make up for problems in the west. Will Nebraska outperform lowered expectations and will Indiana demonstrate it can pick up the slack?
We’ll have the results in a few hours. Tune in tonight at 7:55 p.m. CT to hear Day 2 results. 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 Lane Akre and Kyle Wendlund on the eastern leg of the Tour, and from Chip Flory and Brent Judisch on the western leg.
Market recap: Profit taking saw corn turn lower and soybeans trim gains after both saw overnight gains attributed in part to results from the first day of the Tour, as well as a deterioration in weekly crop condition ratings.
- December corn fell 1 ½ cents to $4.88 after hitting a three-month high in overnight trade.
- November soybeans held on to a gain of ¾ cent to end at $12.16 ¾, near the session low after hitting a three-week high overnight. September soybean oil turned south to drop 175 points after hitting a three-week high, which helped pull down soybeans. September meal rose 90 cents to $313.30. USDA reported a daily sale of 136,000 metric tons of soybeans to China during 2026-27.
- September soft red winter wheat futures fell 10 ¼ cents to $6.64 ½, while September hard red winter wheat fell 15 cents to $7.43 ¼ after both hit three-week highs overnight. September spring whet rose 1 ¼ cents to $6.76 ¼.
- December cotton fell 7 points to end at 85.41 cents.
- October live cattle rose 15 cents to $218.925, while September feeders gained 40 cents to $333.45. Both saw mild sort covering. Boxed beef prices jumped sharply, with Choice up $10.04 at $389.61 and Select up $2.54 at $366.80.
- October lean hog futures fell $1 to $80.725, hitting a two-month low on continued weakness in the cash market.
Diesel price nears all-time high: The pump price of diesel hit $5.47 a gallon on Tuesday, the Financial Times reported, near its all-time high of $5.82 as wars in the Middle East and Europe undercut production and continue to tighten global supplies. The report noted an 8% jump in prices in the past month, with the “crack spread” – the difference between the cost of diesel and crude – hitting a record. The report noted the price surge has driven up costs for truckers and farmers and is seen potentially reigniting inflation and squeezing consumers.
- “These are body punches to the middle of the economy,” veteran fuel-market analyst Tom Kloza told the FT. “I think they’re going to have a pretty dramatic impact.”