Morning Comments August 23, 2019

Grain Cornfield w Landus Cooperative 2016

Opening Calls:

Corn 3-4 lower

Beans 5-6 lower

The ProFarmer tour was in Minnesota yesterday. Lots of comments about heavy greensnap and nitrogen issues. 

Iowa was a different story for the tour, finding better yields than expected.

Markets are lower today with traders thinking the ProFarmer yields will be very close to what the trade was guessing, so no major surprises.

Hog futures are at a new low, and part of the reasoning is low export sales to China.

7-10 day forecast is still calling for cooler temperatures through the Midwest.

U.S. dollar at a 2 year high.

Pro farmer midwest crop tour 082319