Grains close mixed on Friday with corn lower, but soybeans higher building in weather premium and in anticipation of the Pro Farmer crop estimates. Corn yield was lowered to 172 bpa, production to 14.96 bb, soybean yield was cut to 49.7 bpa with production at 4.11 bb. Pro Farmer editor Brian Grete talks about how the tour influenced their cuts and what it means for ending stocks and prices.
Soybeans Higher on Weather, Corn Lower: How Will the Market React to Pro Farmer Crop Estimates?
Corn closed lower, soybeans higher on weather & in anticipation of Pro Farmer’s crop estimates. Pro Farmer’s Brian Grete talks about how the tour influenced their cuts and what it means for ending stocks & prices.
August 25, 2023 04:11 PM
Related Stories
Jim McCormick of AgMarket says beyond the tailwind of a friendly WASDE Report there were several factors that drove the rally in the grain market this week and may have confirmed the lows.
Scott Varilek with Kooima Kooima Varilek says the feeder cattle ran into the 50% retracement level on some contracts and saw profit taking. However, higher cash feeders have helped the rally this week.
The grains ended lower on Thursday with across the board selling pressure tied to new 19-month highs in the U.S. dollar index according to Rich Nelson of Allendale, Inc.
Read Next
First-time detections in Iowa and Alabama highlight the importance of accurate identification and proactive seed treatment strategies.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
