Spring wheat ratings held steady, with just 11% of the crop rated “good” or “excellent.”
Tour leaders share preliminary comments and results from their routes through South Dakota, Nebraska, Indiana and Ohio.
The July crush came in nearly 4 million bu. lighter than analysts anticipated, with soyoil stocks unexpectedly climbing for the month.
USDA made some notable upside revisions to last week’s inspections number for corn and wheat.
Pro Farmer Crop Tour begins. Rain chances for the Midwest and Northern Plains later this week. Argentina reroutes funds to help with low water along the Parana River. Big jump for pork values on Friday.
Download this week’s newsletter here.
Friendly USDA data lifts corn, soybean and wheat. Argentine exchange expects soybean plantings to slide for sixth year in a row. Moderate Democrats pressure Pelosi to take up physical infrastructure package.
Its initial soybean crop estimate was also a bit smaller than expected, and it sliced its all wheat crop quite a bit more than the market anticipated. The market was also caught leaning the wrong way on cotton.
“Increased drought coverage and intensity was more common, as a large majority of these areas recorded light precipitation at best,” today’s drought summary says.
But exports of the oilseed hit a marketing-year low.

Meghan Vick

Meghan joined Pro Farmer in June 2011 and is currently the News Editor. Prior to joining the Pro Farmer team, Meghan worked as an editor at Stocks, Futures and Options (SFO) magazine. During her time there she gained her Series 3 license from the National Futures Association. She is a 2009 Summa Cum Laude graduate of Wartburg College in Waverly, Iowa, with Bachelor of Arts degrees in English and writing. LimelightPlayerUtil.initEmbed(‘limelight_player_28855'); At Pro Farmer, Meghan writes many of the daily market commentaries in addition to website news stories and updates on Washington happenings. She also compiles the quarterly Washington Outlook Report.