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Corn, soybeans, and cotton all saw production forecasts increase
Corn yield landed well above analysts’ average pre-report estimate, while soybean yield was slightly above.
Positioning drove trade overnight ahead of USDA’s reports later this morning.
Grain futures edge higher in pre-report activity.
As lingering drought curbs herd expansion and plant shifts shake up packer leverage, Terrain’s Dave Weaber breaks down why recent import headlines may pack less market punch than expected.
Tropical Storm Isaias looks to add further rain into the weekend
Pre-report positioning is beginning to drive trade ahead of Friday’s Crop Production and Supply and Demand reports.
Choppy trading seen overnight as dollar, oil futures and bond yields rise.
