Agriculture News
Scouts measured average corn yield potential of 183.29 bu. per acre. Pod counts in a 3’x3’ square averaged 1,229.93.
Preliminary results from Tour leaders and consultants on the eastern and western legs.
Corn inspections during the week ended Aug. 15 rose 180,000 MT from the previous week, and are running 38.5% ahead of year-ago, while soybean inspections rose modestly.
Corn and soybean futures open the week with mild gains as wheat futures soften. Livestock futures are moderately to sharply lower with fat cattle leading the way down...
The annual increase is the smallest since 2020.
Rural bankers grow more sour on their economies.
Weekly new-crop soybean sales topped pre-report expectations for the second straight week, while new-crop corn sales landed just above pre-report estimates.
Ag bankers note only slight gain in values from year earlier.
USDA pegged soybean production at 4.59 billion bu., up 10% from 2023, using a record yield of 53.2 bu. per acre. Corn production is estimated at 15.1 billion bu., using a yield forecast of 183.1 bu. per acre.
Wheat inspections during the week ended Aug. 8 rose 178,717 MT from the previous week and topped expectations by 124,000 MT.