Markets - General
Farmers in west-central Missouri are planting at a rapid pace, with most already finished with corn and now moving to soybeans. The historic planting pace is also catching the attention of USDA-NASS.
There were no major surprises in USDA’s latest WASDE report. USDA didn’t adjust U.S. corn or soybean yields in the July report, but cotton abandonment shows the brutal reality of this year’s drought.
Hurricane Ida’s impact on exports out of the Gulf Coast continues to unfold. Two key grain elevators along the Gulf took a direct hit from the hurricane, but that’s only part of the problem. Brian Splitt explains.
USDA’s August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) produced a few surprises, both when it came to possible crop supplies and adjustments to demand.
Grains are higher ahead of this morning’s WASDE report. These are the levels to watch for in today’s trade.