What You Need to Know Today:
Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa.
Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while western Iowa yields ranged from 189.7 to 191.8 bushels/acre, compared with 195.0 to 207.3 bushels/acre last year. Illinois soybean pod counts averaged 1,430 per square yard, below 1,479 last year but above the three-year average of 1,390, while western Iowa pod counts ranged from 1,269 to 1,558, compared with 1,279 to 1,563 last year.
December corn moved above $5.00/bushel and came within ¼ cent of a new 2026 high. European corn futures also reache...
Key Takeaways: Demand and capacity decide where milk growth lands. Italian cheese is up 4.2 percent in 2026, and milk output is growing fastest in Kansas, South Dakota and Texas, where the new plants are located. Price spreads decide where the marginal milk goes. The Class IV premium over Clas...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...