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Highlights, Crude Oil Demand, ENSO, Broilers & Ethanol, Markets & Rain Days Update 9/1/22

Highlights


USDA announced yesterday morning the sale of 167,000 mts of new crop soybeans to China.

Crop Consultant Dr. Michael Cordonnier reduced his corn yield forecast by 3 bushels to 170.

Allendale’s yield producer survey has corn at 172.39 bpa (USDA 175.5; Pro Farmer 168.1).

Aflatoxin problems in corn in the Southern States.

USDA expects regular reporting of weekly export sales to resume September 15th due to problems with its new system last week. All markets hate uncertainty.

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