Tuesday August 17, 2021

  • Quiet morning on the grain trade this morning even after a bullish crop progress report yesterday afternoon
  • July NOPA soybean crush came in slightly below expectations at 155.1 million bu 
  • Day One of the 2021 Pro Farmer Crop Tour began in Ohio yesterday claiming 185.1 bu/ac – up from 167.2 bu/ac five year average, soybean pod count was higher than last year and average, South Dakota corn yield however came in at 151.5 bu/ac compared to average of 170.4 bu/ac with soybean pods also down 
  • U.S. Crop Progress
    • Corn ratings fell to 62% g/e, still trailing 5 year average of 66% g/e
    • Soybeans fell 3% to 57% g/e. compared to average of 64% g/e
    • Spring wheat conditions remained steady at 11% g/e as that harvest progressed to 58% complete