Wednesday August 18, 2021

  • Quiet morning in the grain markets once again as news remains slow with the main discussion this week surrounding the Pro Farmer Crop Tour 
  • Day Two of the tour brought them to
    • Nebraska 
      • Corn yields estimated at 182 bu/ac, compared to 5 year average of 175 bu/ac
      • Soybean pod counts were down from both last year and the average 
    • Illinois 
      • Corn yields estimated at 193 bu/ac, compared to average of 174 bu/ac
      • Soybean pod counts were below last years but above the average 
  • China seems to use these dips in the soybean markets to put on additional U.S. purchases