Fall harvest is right around the corner and overall the crops in our trade territory are looking really good. The USDA did surprise everyone on June 30th by reducing corn acres by 5 million acres, but ongoing concerns from coronavirus, China trade tensions and rain across large swaths of the corn belt have kept prices pretty stagnant. Right now it is hard to get to optimistic that we will see a major rally prior to harvest, but I will gladly be wrong. If still holding old crop bushels, be looking for any bump in the market to let some go, i have no idea what the board will do, but at some point old crop premiums will roll into new crop values. China has been buying both corn and beans, but the market just doesn't seem to be overly interested at this point. Perhaps the trade is waiting to see if they actually take shipment? With wheat values north of 5.00 per bushel you might consider cleaning those bushels up pretty quick, all wheat at Heart of Mo MFA locations still needs to be priced prior to August 14th. Please call Nathan at 660-338-2252 if you have any questions.
Heart of Missouri MFA is offering free DP until September 1 on all corn and beans delivered off the farm. call Nathan at Glasgow for details.
Light to locally moderate showers are in store across the Midwest Monday. Coverage will be most extensive in the southeastern Midwest; however, some dry areas of the western Midwest may receive some precipitation as well. Other crop areas will be dry. Temperatures will be seasonal north and very warm to hot central and south with heat stress to crops and livestock. » More DTN Weather Commentary