Perceptions of current and future ag economic conditions pushed up the optimism.
Nebraska and North Dakota corn farmers need more dry weather to make a final push on harvesting.
Investors remain interested in the soybean market Friday.
Iowa, the No. 1 U.S. corn-producing state has 49% of its crop picked, behind its five-year average of 57%.
The soybean purchase from an unknown buyer gives the traders some new news to trade.
“This is the right project in the right location at the right time,” POET CEO Jeff Broin stated in the press release.
In today’s report, the Fed District of Chicago reported that its contacts say the damage has already been done to the U.S. dairy operators.
Iowa’s farmers made harvest progress by leaps and bounds.
Agriculture.com is covering the 2018 harvest right from the combine cab, riding along with farmers as they harvest.
Corn and soybean futures declined on Friday amid poor export sales and an accelerating harvest.