Agriculture News
New crop corn sales exceeded pre-report expectations by more than 400,000 MT during the week ended Aug. 29, while soybean sales were also notable at 1.66 MMT.
Weekly soybean inspections rose 77,000 MT from the previous week, just shy of topping the upper-end of analysts’ pre-report expectations.
Corn and soybeans open the week amid mild price strength as wheat futures soften mildly. Cattle futures are choppy with feeders and lean hogs mostly lower…
Corn, soybeans and wheat open the week amid price softness, Cattle and hog futures are generally higher…
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.
Scouts measured average corn yield potential of 192.79 bu. per acre. Pod counts in a 3’x3’ square averaged 1,312.31.
Scouts measured average corn yield potential of 164.9 bu. per acre. Pod counts in a 3’x3’ square averaged 1,036.59.
Preliminary results from Tour leaders and consultants on the eastern and western legs.
Weekly corn and soybean sales during the week ended Aug. 15 each topped pre-report expectations at 1.3 MMT and 1.7 MMT, respectively.