West Central Ag Grain Comments 08/20/26 8:21:32 AM
08/20/26
- Good morning. It's more of the same this morning across the ag markets, with futures once again trading in the green though maybe not quite to the same extent seen to start previous days this week. The deluge of rain in the last 10 days across the heart of the Corn Belt along with relatively negative findings out of Pro Farmer in terms of production prospects and the ongoing war in the Black Sea have given traders reason to live on the buy side of the order desk this week. Some sort of profit taking is anticipated between now and the weekend, but the fundamentals in the space are undoubtedly supportive and should favor the bulls at least into the September crop report.
Corn futures to start Thursday are trading 3-4 cents higher, soybean futures are trading 2-3 cents higher, and the Chicago wheat market is trading 5-6 cents higher. - Pro Farmer estimated IL corn yields at 184.2 bu/acre on Wednesday, which is down from 199.6 last year and also below the three-year average of 199.2. Soybean pod counts in the state averaged 1,430.37 per 3x3' area, which is down from 1,479.22 last year but above the three-year average of 1,389.65. For western IA, the group found corn yields and soybean pod counts that, in most cases, were down from last year but near or above the recent three-year averages. The tour will give state estimates for IA and MN, along with total US yield estimates, at the event's conclusion later this evening
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