ALL EYES ON CONDITIONS & USDA

AUDIO COMMENTARY

  • Good price action in cattle

  • Weather has improved

  • All eyes on crop conditions & USDA report

  • Yield debate is heating up

  • Do crop conditions stabilize or continue to drop?

  • Demand has not slowed down at all

  • Disappointing price action in corn & beans

  • More sales to Mexico and China

  • France’s corn crop continues to drop

  • Wheat needs to see some demand

  • Pro Farmer tour coming up

  • Things will be interesting next few weeks

  • Selling option premium

  • Demand needs supply

  • Need to see basis and spreads do the work. That will tell us that the rally is real and not fund driven

  • The carry in the market isn’t friendly

  • How to utilize the carry in the market

  • Basis contracts & HTA’s. What to do?

  • Tools that can add to your bottom line

  • Be comfortable with the extremes from USDA

  • If you aren’t sure you will have the crop you pre-sold

  • USDA can come up with anything next week

  • Ratings suggest lower yield but that doesn’t have to be the case next week

Listen to today’s audio below

8-7-2026

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IS YIELD ACTUALLY ABOVE TREND?