Overview
- U.S. weekly export inspections for the week ending Aug. 13 showed 1.91 million metric tons of corn shipped, leaving marketing‑year corn exports about 80.95 MMT or roughly 26% above last year.
- USDA FGIS reported soybean loadings of 270,201 MT for the same week and marketing‑year soybean exports near 40.04 MMT, about 18% below last year.
- The ProFarmer Crop Tour this week found notably lower corn yields in Nebraska (163.61 bpa) and Indiana (183.54 bpa) and reduced soybean pod counts in those states versus a year ago.
- USDA/NASS mid‑August Crop Progress shows soybean good/excellent ratings down 1 point to 61% and corn down 1 point to 60%, and these fresh field signals helped push corn modestly higher and sparked a midweek soybean rally.
- Large Brazilian shipments and a private U.S. sale of 136,000 MT to China are moderating tightness, but markets will look to USDA’s August production and WASDE reports for a definitive reset of near‑term prices and feed cost risks.