#796 - “Record Corn Demand, Rising Acres & August Weather Risk” - Weekly Market Outlook: Aug 3-7

https://19-minutes.supercast.comRecord corn demand is supporting the grain markets, but additional acres, August rainfall, and harvest pressure could quickly change the outlook. Chris Barron is joined by Matt Bennett of agmarket.net to examine the crop, demand, and marketing risks heading into August 3-7.Matt discusses why he questions the USDA’s current crop ratings and whether the national corn yield can exceed 183 bushels per acre. They examine the possibility of additional corn acres, exports running well ahead of last year, and why a smaller yield could create a much tighter balance sheet. They also explain why the longer-term corn story remains constructive even if prices face pressure before harvest.The conversation also covers wheat volatility related to Russia and Ukraine, soybean prices following their recent decline, strong domestic crush demand, and how a wetter August could affect soybean yield expectations. Matt closes with guidance for managing old-crop corn, harvest deliveries, basis, and on-farm storage without leaving too many bushels exposed.Topics include:USDA corn yield and acreage uncertaintyRecord domestic and global corn demandCorn exports running ahead of projectionsAugust weather and crop conditionsHarvest price and basis riskOld-crop corn still in storageWheat volatility and opportunities for cornSoybean prices and strong crush demandSouth American weather and El NiñoOn-farm storage and harvest marketing decisionsLearn more from Matt Bennett at agmarket.net.#GrainMarkets #CornPrices #SoybeanPrices