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Gary's Blog 08/20/26 1:31:08 PM
8-10-26 Crop ratings G/E %
TW LW OH
Corn 61 61 62
Beans 62 63 59
8-20-26
Markets have been on a roll since the beginning of the ProFarmer tour. So far, the theme has been described as “underwhelming & disappointing” when it comes to both corn and soybean yields. All the little things are starting to add up and show up from early heavy June rains, July heat, and now August flooding. Funds have piled back into long positions as yield whispers are now in the 175-178 range in corn. At some point we will get all this new information “baked in” and the rally will slow/stop. It’s a counter seasonal rally and it’s hard to judge how high price needs to go to ration demand in August. ProFarmer will release their final findings tomorrow around the market close. CFTC reports will also be released at 4pm to see how much length the funds are sitting on. (as of Tuesday)
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