Analysts will be watching corn yields when the August WASDE report drops today. Early signs show USDA is poised to raise its average yield estimate, which could send markets reacting fast.
Our friend Oliver Sloup with Blue Line Futures explains why he will be watching this area.
“The average yield estimate is going to be the big headline number that we’re looking at for corn that comes in at 184.3, well above where the USDA was last month at 181. So I suspect that we’ll probably trade that WASDE report there for maybe an hour or so. We’ll talk about the headline risk, and then I think a lot of the attention is going to turn towards the crop tour that starts next week as well, which will be on and will be starting on the eastern leg. So it’ll be good to get some boots on the ground, really across the whole corn belt to kind of get a better idea of what’s actually out there. We’ve heard of some potential pollination issues, you know, how widespread is that? Still to be determined. So, again, it’s going to be good to get out there in the field and see for ourselves.”
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RanchHER Jessie Jarvis is a third-generation Idaho cattle rancher and an esteemed figure in the ag industry and Western world. She seamlessly balances her roles as a business owner, influencer, podcast host, public speaker, rancher, wife and mother.
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In this behind-the-scenes look at the newest episode of Where the Food Comes From, “Simple as Corn, Part 1,” written by show producer and script supervisor Donna Sanders, follow the crew during their time filming in Sun Prairie and Coloma, Wisconsin.
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As we start the new year, let’s take a look at some of the legislative items from 2023 affecting agriculture that will continue to play out in the political area for months to come.
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