Weaker markets this morning with corn down 4 and soybeans unchanged.
The forecast over the next few days is dry in the Central US. This changes a bit on day 5 as storm activity increases into the end of the model run. Rain chances improve; however, it does not look like an all-encompassing system moving from East to West through the Central Grain Belt. Its more pop-up showers with the exception being a big blob of rain in the Dakota’s. This could also be a total bust as rain totals could be exaggerated coming from Tropical Storm Fred. The one thing that is significantly different this morning is a total absence of heat in the 15-day forecast. Temps are going to drop and be just about as nice as it gets for August weather.
The Pro Farmer Crop Tour starts today in Sioux Falls, South Dakota and in the East at Columbus, Ohio. The tour completes in Rochester, Minnesota on Thursday. This year’s tour is more interesting to me than previous years due to the mixed reports of crop conditions in MN and the Dakotas as well as the way the USDA completed their August survey. Historically the USDA will use farmer surveys, field checks and satellite imagery to estimate the crop size. This year they only used satellite imagery for their data. It will be interesting to see how the satellite compares to on the ground reports from Pro Farmer.
Have a Safe Day!