The September 4 USDA crop report revealed a further decline in corn and soybeans. Spring wheat harvesting was too far advanced for condition reports to be issued.
Soybeans Continue To Decline
The worst deterioration in soybeans has occurred in the key Midwest producing states with worsening late summer drought. Iowa “good-excellent” soybeans fell to 62%, 18% down from 6 weeks earlier. Illinois fell 12%, Missouri 14%, Minnesota 8% and Indiana 7%. Worsening crop conditions are a bad omen for the yield... subscribers continue to full story...