The Ag Commodity Corner+ Podcast for the week ending Aug. 7 saw relatively quiet grain markets as traders positioned themselves ahead of the USDA’s August crop report.
The average trade expectations ahead of USDA’s August crop report are only for modest adjustments to U.S. crop yields.
Trade estimates point to corn yields of approximately 182.4 bushels per acre, compared with 183 bushels in the previous report. Soybean yield expectations are around 52.9 bushels per acre, slightly below the previous estimate of 53 bushels.