Wednesday August 24, 2022

  • Markets taking a break off gains after a strong start to the week
  • Pro Farmer crop tour continues to dominate headlines – heading into better yielding areas of the corn belt   
    • Nebraska corn yields pegged at 158.5 bu/ac compared to average of 176.7 bu/ac
    • Nebraska soybean pod count at 1,064 also lower than average of 1,245
    • Indiana corn yields pegged at 177.85 bu/ac compared to 178.3 bu/ac average 
    • Indiana soybean pod count at 1,166, better than average of 1,148
  • Flash sale of American soybeans to China this morning – however not boosting the markets after the soybean market has already rallied over 50 cents this week