Latest News From Agriculture News

Scouts measured average corn yield potential of 180.89 bu. per acre. Pod counts in a 3’x3’ square averaged 1,309.96.

Scouts measured average corn yield potential of 167.22 bu. per acre. Pod counts in a 3’x3’ square averaged 1,160.02.

Preliminary route reports from Brian Grete, Mark Bernard, Chip Flory and Brent Judisch on Day 2 of the Pro Farmer Crop Tour.

Day 1 results from Chip Flory on the Western Leg of the Pro Farmer Crop Tour

Observations from Day 1 of Western Leg of Pro Farmer Crop Tour from Brent Judish

Day 1 observations from eastern Crop Tour consultant Mark Bernard.

Day 1 observations from eastern Crop Tour leader Brian Grete

Scouts measured average corn yield potential of 157.42 bu. per acre. Pod counts in a 3'x3' square averaged 1,013.

Scouts measured average corn yield potential of 183.94 bu. per acre. Pod counts in a 3'x3' square averaged 1,252.93.

Preliminary results from Tour leaders and consultants on the eastern and western legs.

CCI ratings fall slightly on the week

After the Bell | August 21, 2023

Weekly export inspections for week ended Aug. 17 showed inspections within pre-report estimates for corn, soybeans and wheat. Corn and wheat inspections rose slightly on the week, while soybeans declined notably.

Monthly Rural Mainstreet Index reflects impact of rising interest rates on bank deposits.

Feedlot inventories declined from year-earlier levels for an 11th straight month.

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The extended weather forecast from the National Weather Service calls for “equal chances” for normal, above-normal and below-normal rainfall across the central U.S. during September.

USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.

The corn CCI is now above year-ago, while the soybean rating is virtually equal to last year at this time.

Weekly wheat inspections dropped by over 100,000 MT from the previous week and were over 90,000 MT short of the pre-report range. Meanwhile, corn and soybean inspections rose slightly from the previous week.

Short-term trend turns bearish for soymeal futures.

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USDA cut corn yield by 2.4 bu. to 175.1, while soybean yield was lowered by 1.1 bu. to 50.9 bu. per acre. Soybean ending stocks were pegged at 245 million bu., less than the avg pre-report estimate, while corn was above.

Kansas City Federal Reserve Bank finds continuing strong demand for farmland despite declining profit margins.

Quarterly survey finds strong financial conditions in rural ag banks.

Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.

USDA will also update its wheat crop estimates, along with the U.S. and global balance sheets.

Annual survey highlights farmland prices and average cash rents across state.

The corn CCI rating is now less than 1% below year-ago, while soybeans and spring wheat are still notably under last year at this time.

USDA reported weekly inspections declined for corn, soybeans and wheat, with wheat falling more than 310,000 MT from the previous week, missing pre-report estimates.

Short-term trends turn bearish for corn, soybeans and wheat.

USDA's annual survey finds 8.1% gain in average cropland values

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Our monthly and quarterly price forecasts, including the first projections for the first quarter of 2024.

Old-crop weekly soybean sales faded on the week, while new-crop sales rose steadily amid a recent uptick in purchases. Meanwhile, old-crop corn sales were shy of the pre-report range, while wheat sales rose notably.

This month’s rise was primarily the result of farmers’ improved perception of current conditions on their farms.

The spring wheat CCI rating was the lowest of the growing season; the corn and soybean crops were still above their early July ratings.

Weekly wheat inspections in week ended July 27 rose 220,413 MT from the previous week, topping the pre-report range. Shipments are now running 4.8% behind a year ago, compared to 16.9% last week.

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USDA reported corn sales were up 33% on the week, while soybeans were up noticeably and up 73% from the four-week average. Weekly wheat sales rose 37% week-over-week, but were down 17% from the four-week average. 

Crop conditions fall in corn, soybeans and spring wheat

Wheat inspections in week ended July 20 were up 85,621 MT from the previous week and above the pre-report range. Soybean inspections rose notably from the previous week, while corn fell 100,000 MT.

June placements unexpectedly increased from year-ago.

Cattle herd declined 2.7%; beef cows dropped 2.6%.

Monthly survey finds rising optimism in 10-state ag economies.

The 90-day forecast suggests most of the key corn and soybean areas should see generally favorable conditions for August through October.

USDA reported net soymeal sales of 272,500 MT for week ended July 13, which exceeded top-end pre-report estimates. Meanwhile, net wheat sales fell short of trade expectations.

All three crops are still rated lower than last year at this time.

USDA's weekly export inspection data for week ended July 13 showed a mild increase in corn inspections from the previous week, while soybeans and wheat declined notably.

Grain and soy futures are being supported by concerns with U.S. weather and Black Sea grain supplies.