Drought concerns linger and hoist grain markets
Tuesday’s session had the grains lower across the board with most of the selling tied to Monday’s Crop Progress report. The report showed better crop ratings than expected.
Source: agweek.com
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Tuesday’s session had the grains lower across the board with most of the selling tied to Monday’s Crop Progress report. The report showed better crop ratings than expected.
Drought in this state has left 26% of the soybean crop in poor/very poor shape.
Timely rains and limited drought concerns have opened the door for a 73% good/excellent soybean crop in this state.
Oat harvest, third alfalfa cutting nearly complete
Last Thursday’s Drought Monitor Map continued to show improving conditions in the Corn Belt, but declining conditions in the northern Plains.