Pro Farmer
U.S./China officials to meet in Beijing to ease tensions | USDA boosts grocery price outlook
Below, you’ll find an update to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Corn, soybeans and wheat each favored the downside during the overnight session though saw modest buying into the break.
Corn, soybeans and wheat traded lower overnight in continuation of price pressure from late last week.
Canada rail situation | Sizing up Harris’ campaign | Inflation watch | Federal court to hear FTC’s case against Kroger/Albertsons merger
Pro Farmer estimates the U.S. corn crop at 14.979 billion bu. using an average yield of 181.1 bu. per acre. We estimate the U.S. soybean crop at 4.740 billion bu. at an average yield of 54.9 bu. per acre.
Observations from Day 4 of the western leg of the Crop Tour.