Floor Talk, August 12, 2021 (REPORT DAY)

[marketeye]

At 11am:

USDA SAYS:

U.S. corn yield at 174.6 bu./acre, soybeans yield at 50.0.

Corn jumps 27¢, soybeans are up 22¢.

What say you?

Mike

------------

At 8:45am:

Traders fade today's USDA reports

Mike

[wrightcattle]

Guess the item and number under each shell. 

It's supposedly not a shell game or carnival. 

[k-289]

Field  Of  Dreams  Day  ,    crop  report  day ,  how  ironic   - - -  

[roarintiger1]

The corn crop is smaller..........and going to continue to get smaller.

I hope end users have taken advantage of the lower prices. 

[cborman11]

Finally some common sense, bean yield is still to high but that will show up later.

[illinifarmer]

Glad to see them come down on avg. yields.  Don’t believe here we will get to them, but nice to hear I’m not the only one. GL out there

[rickgthf]

If it's supposedly a record high yield for Ill, IN & Ohio with the low yields coming in Minn & SD but on balance an overall low yield year then it must be seriously bad in SD & Minn.

[illinifarmer]

That may not be the case at all.  I haven’t heard or seen any record crops in Illinois.  Strip a few ears yesterday because a local told me his was only looking like 130.  Mine is 12-14 rows by only 35-40 long. Which depending on area in the field is only 150-165bu. Per acre.  That’s well below are avg here. Local 178bu corn 47 bu beans.  I’m hearing much worse in areas of Illinois and Indiana.  Record crop here would be 220 corn and 65 soybeans.  Far from records this season.

[wrightcattle]

Report. 

Beans say 45..

I did think we'd have 14.2 to 14.4billion corn..  Looks now like more like a 13.7 billion crop. 

Just a tough finish ongoing Now for crops. 

[Hobbyfarmer]

All is not lost YET

Waa going to post a few picts of great crops.

4 ft beans loaded with pods

Robust ears of corn filled to the tip

All in still damp soil.

But as I'm at 1000 picture limit on this site can't getrdone.

Getting calls to rent my commercial style bin forms. 36' today