Analysts have their sights set on corn ahead of today’s WASDE report

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.”

Related Stories
Rich Nelson with Allendale joined us to break down early planting progress, market expectations, and what producers should keep an eye on as the season moves forward.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
Researchers with the University of Tennessee Institute of Agriculture are studying the clouded plant bug, which causes millions of dollars in damage to crops such as corn, soybeans, and cotton growing across the state.
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
Corn and sorghum exports remain strong; soybean demand lags.
USDA’s Quarterly Grain Stocks report shows increased supplies across all major commodities, with corn, soybeans, and wheat stocks all rising compared to a year ago. Lewis Williamson with HTS Commodities discusses producer and market sentiment ahead of the key report.

LATEST STORIES BY THIS AUTHOR:

The Farm Monitor takes us along to see how they’re leaning on technology to improve poultry production.
Students say the program builds confidence, teamwork and a sense of purpose.
Roger McEowen breaks down the EPA’s updated dicamba regulations and shares what farmers need to do to remain compliant under the new rules this growing season.
Jarrod Hardke with the University of Arkansas break down extreme drought conditions, shifting planting decisions, and the impact of rising input costs on Arkansas agriculture this season.
Oklahoma livestock economist Dr. Derrell Peel helps us break down the April Cattle-on-Feed report and what it signals for herd rebuilding, supplies and prices moving forward.
Tariff refunds are underway, potentially returning billions to importers, as agriculture groups push for a larger role in trade policy and investigations.