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Highlights, Pro Farmer Tour, Markets & Rain Days Update 8/27/22

Highlights


Yesterday morning, the USDA reported the sale of 146,000 mts of new crop soybeans to unknown.

Putin signed a decree to increase Russian military personnel by 137,000 people, up to a total of 1.15 million.

Average daily charter rate for Panamax Ocean Freighters, which usually carry coal or grain cargoes of about 55,000 to 70,000 tonnes, decreased $606 Thursday to $12,816.

Cape Freighters transport about 150,000 mts of grains, iron ore or coal. The average daily charter rate for capesizes fell $1,705 to $3,931 yesterday. Now that Capes can be loaded on the Mississippi as far north as New Orleans, that is great for US grain exports for any country seeking a lot of grain.

 

Ag Economist with Kansas State University Extension Dan O'Brien summarized the Pro Farmer Tour and critical factors to monitor in the coming months:

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