August trading is coming to an end and it was a tumultuous month for grain markets with China, weather, and crop conditions owning the headlines.
This morning, StatsCan came out with their first production estimate for Harvest 2019, as broader markets continue to deal with geopolitical turmoil
With Harvest 2019 on the minds of many, grain markets are mostly in the green this Monday as the complex is rebounding from Friday’s sell-off due to heightened trade war tensions between the U.S. and China.
Grain markets are in the red as the complex weighs the corn and soybean yields results from the ProFarmer crop tour this week.
With two days of the 4-day ProFarmer crop tour in the books, estimates of soybean and corn yields from field level are looking fairly bullish, but markets, seemingly, aren't buying it yet.
As the 2019 ProFarmer crop tour starts its annual trek this morning through corn and soybean fields in the Midwest, grain markets are starting the week out in the red.