Investors are trying to figure out just how far behind the crops are, regarding growth condition ratings.
Farmers want to open up that spigot, so to speak, and start selling more of their 2018 crop, but there is not an effective ‘hose’ to hook up to it, a transportation expert says.
The USDA updated its Crop Progress Report, Monday.
More rain in the forecast may just shutdown the planting season, analyst says.
In its June Supply/Demand Report, the USDA estimated falling production numbers for the U.S. 2019 corn and soybean crops.
USDA’s Crop Progress Report releases its first crop condition rating for the 2019 corn crop.
Egypt buys U.S. soybeans.
With more rain expected this week in the eastern Corn Belt and the southern Corn Belt regions, the plot thickens for the crop progress.
Investors were not impressed with the USDA Weekly Export Sales Report.
Relief continues for northern Corn Belt, while southern half will see more rain events.