08/20/2024 Cracks in the Plane

On the Grains
Here we go, day 2 of the Profarmer Tour. Day one results for Ohio, estimate of 183.29 bpa basically unchanged from last year’s tour numbers. South Dakota South Dakota’s numbers came in as followed; 183.29 this year vs 183.94 last year and 181.06 vs the 3 year average. I am not going to spend a lot of time on the soybeans only noting that the pod count was about on par with last year. As we all know there is a lot of time to add or subtract bushels especially on soybeans, weather dependent. Yesterday’s USDA crop conditions ratings came in as expected unchanged on corn and soybeans. It’s getting pretty late in the year to expect the market to react to anything on crop conditions unless we see an early frost in the northern part of the Corn Belt.