Markets are quiet after the 11 a.m. release of the August WASDE report. Most values were within trade estimates, excluding the yield and production for 2020/21. Corn yield was increased from 178.5 to 181.8 bpa. Bean yield was also increased from 49.8 to 53.3 bpa. In turn, this also raised total production values. Carryout numbers were also expectedly adjusted lower within the trade estimates.
Corn currently trading up a penny, soybeans unchanged
Join us for pre-harvest location updates and a chat with our CEO Matt Carstens. RSVP today:https://marketing.landuscooperative.com/acton/rif/42104/e-018f-2008/-/l-tst:0/l-tst/showPreparedMessage?sid=TV2:in6yb00eT