Thursday August 19, 2021

• Market lower today with some beneficial rains on the forecast
• Pro Farmer Crop Tour yield estimates continue to improve through the tour as they enter the heart of the corn belt
• Day Three yields
  • Illinois corn yields 196.3 bu/ac compared to average 184.4 bu/ac 
  • Illinois soybean pod counts were higher than both last year and average at 1,280
  • Iowa corn yields were all projected above average anywhere from 182.2 bu/ac to 201.1 bu/ac 
  • Iowa soybean counts also exceeded average
• Weekly Export Sales
  • Corn came in slightly above expectations for old crop, and mid range expectations for new.
  • Soybeans had unexciting old crop sales but well above expectations and a strong week for new crop 
  • Wheat sales came on the lower end of expected range