Corn is currently down three, and soybeans down eleven. Market continues to slip as ProFarmer Tour continues to see great yield, overall. Yesterday, Nebraska yield estimated at 179.2 versus the 3-year average of 163.1. With this being said, there is still a lot of ground to cover, surprises could still be in store for their later yield checks on the tour. Chinese officials are still in the U.S. on talks about a resolution to the trade war.
With crop tours projecting strong yields and great weather forecasts, not much is still standing between having a strong harvest come fall. With that being said we need to really look at options to move remaining old crop corn, whether being cash, basis, or other options. Please call to discuss what can be done.
Have a Great Day!