Corn
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor.
Corn sees short covering as well with lower crop ratings by 2% and Mexico buying around 5 million bushels of new crop U.S. corn.
Soybeans and products were all higher on Monday, while corn continued to see technical selling and long liquidation ahead of first notice day on Friday.
Cattle shook off a bearish a Cattle on Feed placements number, while hogs consolidated. John Payne with Advance Trading, discusses where the markets head next.
Cattle getting some help from ideas the cash market may be close to a bottom. Grains continue to digest Pro Farmer Crop Tour results and weather.
Pro Farmer confirms record soybean crop and bumper corn crop. What does that mean for the harvest and post-harvest outlook for the market?
Severely bruised corn stalks can limit the plants’ ability to translocate water and nutrients and even cause the growing point region to die.
As harvest approaches in the Midwest, yield potential is definitely top of mind. Please share how your corn and soybean crops look this year versus 2023.
Pro Farmer Crop Tour wrapped up Thursday night, and to summarize the week, scouts found record yields in portions of the Eastern Corn Belt, but a more variable crop in the West.
Pro Farmer Lowers Corn Yield and Production From USDA’s August Estimate, But Raises Soybean Yield and Production to Record Levels.