Markets - General
In an effort to head-off some of the questions about Crop Tour sampling, here’s our answers to a few “Crop Tour FAQs!”
Ahead of USDA’s August supply and demand reports, analysts expect little change to yield, but what about demand? Jarod Creed and Mike North provide their expectations leading into Thursday’s reports.
China’s buying spree continued Wednesday with USDA confirming a a sale of 132,000 metric tons for delivery to China during the 2021/2022 marketing year. The five-day buying spree supported soybean prices.
USDA is preparing to release its next Crop Production and WASDE reports on Thursday, August 12. Ahead of the release, debate is heating up on whether the U.S. can achieve a trendline yield in corn this year.
During August, markets watchers will debate the possibilities of national yields. USDA’s gauge of crop conditions are posted every week, Pro Farmer says the condition ratings aren’t the best indication of yield.
The 2020 Pro Farmer Crop Tour showed the potential of record crops
Brad and Lisa Dircks’ farm in Lowden, Iowa was flattened by the derecho last week. This week, scouts on the Pro Farmer Crop Tour will gauge the scope of damage, wading through fields across eastern Iowa.
You have the opportunity to attend Pro Farmer Crop Tour nightly meetings in person or watch the nightly broadcast online this year.
Muted market action Friday followed a day where positive prices were posted across the CME. As farmers enter a month that could produce more volatility, analysts say the major market moving factor is the same.
The market seems to have learned from history, and we might witness a repeat.