U.S. Department of Agriculture
USDA’ s cotton progress and condition ratings for the week ended Aug. 8.
Percent squaring is well above average; not so for boll setting.
“I think this points us in the right direction and it shows us what the trend is going to be,” says Chip Flory, AgriTalk host.
USDA is currently projecting near-record yields for the 2018 corn and soybean crops, but whether or not that actually comes to fruition will depend on nighttime temperatures here on out.
One of the biggest surprises in the USDA World Agriculture Supply and Demand Estimates report came in the adjustments to Chinese corn stocks.
Farm Journal Economist Chip Flory joins AgDay’s Clinton Griffiths for analysis of the WASDE and Crop Production reports.
Pro Farmer’s Jim Wiesemeyer provides this “easy explanation of complex program.”
Due to the holiday season, export sales were delayed and the significant number of cancellations were concerning, says Jamie Wasemiller of the Gulke Group.
Jerry Gulke, president of the Gulke Group and Farm Journal’s Pam Fretwell discussed the events that helped the market to recover such as in the case for soybeans, a positive close for the week after a poor start.