USDA’s Weekly Export Sales Report is favorable for corn.
The USDA Crop Progress Report, released today, is delayed by one day, due to the Labor Day Holiday.
The survey found few farmers sold 2018 soybeans before June 1, the date that November futures hit a spring high.
Though the headlines may suggest otherwise, there are sectors of the agricultural industry that are doing well.
Investors eyeing the release of selling pressure.
The Economic Research Service, an agency of the USDA, released its 2018 Net Farm Income Forecast Thursday.
With stabilizing crop conditions, the USDA rated the corn and soybean final growth stage developments above averages.
The USDA sees most of the soybean crop finishing.
Global wheat problems continue to support the market, as they have throughout most of August.
Investors are positioning their trades ahead of today’s government data release.