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Jon Scheve discusses the likelihood of USDA changing the average corn yield in Friday’s WASDE report based on crop condition observations, the drought monitor, high-tech tools and social media.
What’s often called the “white combine” is hammering western Kansas this year, an ugly reality for an area that’s finally receiving rain after nearly five years of drought.
Since 2000 the USDA U.S. soybean production forecast has been above the trade average estimate eight times and below 15 times.
Corn and wheat ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle follow higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.
While the storyline for much of the growing season has been record production, now farmers are faced with an even bigger problem.
Soybeans up on China export biz and after holding support, wheat & corn lower squaring pre-WASDE. Cattle recover with higher product values, hogs consolidate. Chuck Shelby, Risk Management Commodities has more.