USDA's August WASDE report raised corn and soybean acres but cut yields,
while broader macro trends
- tight world corn stocks, surging soy crush demand
and reduced Russian-Ukrainian wheat exports
- dominate the outlook.
FAugust USDA Reports Review
USDA found an additional 1.4 million planted acres for both the corn and
soybean crops to increase the corn crop slightly and boost the soybean crop to
the largest in U.S. history.
BUSDA Reports Summary
Widespread, damaging winds spanned from Iowa to Kentucky on Tuesday and
another round of severe storms could lead to more damage on Wednesday across
the Midwest.
BAg Weather Forum
Retail fertilizer prices are somewhat varied as the calendar changes over
to August. Five of the eight major fertilizers are lower compared to last month
with the remaining three nutrients slightly higher. DTN designates a
significant move as anything 5% or more.
4^DTN Retail Fertilizer Trends
Last week, packers bought over 104,000 head of cattle in the fed cash
cattle market, which gives them enough leverage in this week's complex to
likely keep the cash market from trading higher.
=^Call the Market
