Usual or Unusual Grain Markets? — This week in the grain markets

Opinion

Grain markets all pulled back this week on some bigger yield reports in the U.S. corn and soybean belt, while wheat markets took a breather from their bullish run. The U.S. corn crop is certainly advanced, with 44 per cent of fields dented as of last Monday. For perspective, going into the Week 34 USDA crop progress report on August 27th, the 5-year average for U.S. corn dented is just 40 per cent. This past week, the ProFarmer Crop Tour offered little optimism for a downturn in production and yield expectations. Despite reports of significant variability in corn yields across the Corn Belt,…