Crop report comes out Friday
Traders are anxiously awaiting the Aug. 12 USDA crop report.
Some analysts expect larger corn yields. Mid-Co reports the biggest corn yield increase occurred in 2008 which was over six bushels per acre. Yield estimates fell short of last year’s survey during a recent crop tour in Central Iowa.
USDA just announced new sales of beans to China this week. Friday will have updated WASDE numbers.