Your Pro Farmer newsletter (Aug. 31, 2024) is now available

We’ve had a week to let the dust settle and reflect on what we found on the Pro Farmer Crop Tour. More importantly, we’ve had a week to do additional analysis of the data from the more than 3,300 corn and soybean samples scouts gathered Aug. 19-22. Our page 4 feature this week is an in-depth look at the data. Above-average temperatures hit right after Crop Tour, which caused corn and soybean crop condition ratings to fall to the lowest levels of the growing season, though they remain well above average. Temperatures and rainfall in early September will determine how crops finish after performing well into late August. Meanwhile, Canada estimated bigger wheat and canola production, though the forecasts partly reflected warmer and drier weather during August. Concerns about the ag sector are rising, with more than half of ag economists surveyed indicating agriculture is already in a recession. USDA’s latest ag trade outlook paints an extended bleak picture with the deficit expected to swell in fiscal year 2025. We cover all of these items and much more in this week’s newsletter, which you can download here.