Corn Yield Could Miss Trend by TEN Bushels per Acre says Crop Tour - Prices SURGE

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🌽 Crop Tour Shocks the Corn Market — Pro Farmer's survey pegged national corn yield at just 173.2 bpa (15.34 bil bu), well under USDA's 180.7 bpa estimate, with Iowa fields hiding disappointing grain length despite looking strong from the road. Soybeans told the opposite story, with a record 53.3 bpa yield (4.57 bil bu) projected as conditions improved heading west. 📈💹 Grains Rally on Bullish Tour Data — Corn closed up for a third straight session, with Dec26 gaining 5 cents to ~$5.09, while Nov26 soybeans rose 3 cents to ~$12.40 on tight supply fears and Chinese demand. ❌ Wheat slipped as traders eyed alternative suppliers amid ongoing Black Sea export disruptions.🇨🇳 China Keeps Buying Beans — USDA flash sales showed 712,000mt of soybeans sold to China and another 720,000mt to unknown destinations, both for 2026/27 delivery. 🌽 Corn also saw 205,000mt sold to an unknown buyer for the new marketing year.📊 Funds Pile Into Corn & Beans — The latest CoT report showed managed money adding 56k corn contracts (now net long 182k, the biggest since May) and 43k soybean contracts. 🌾 SRW wheat funds added a modest 8k contracts on the week.🚢 Russia Scrambles to Support Farmers — With over 97% of Black Sea export capacity offline from ongoing strikes, Moscow is weighing loan extensions, subsidies, and government grain purchases to help exporters. 🌍 Russia and Ukraine together account for more than a quarter of global wheat exports, so the standstill carries major global weight.🥩 Trump Opens the Door to Cheaper Beef Imports — The administration will allow 300,000mt of tariff-free ground beef imports over 90 days, with exporters agreeing to a 25% discount they claim will reach consumers. 🐄 Cattle groups are pushing back hard, though the volume is only ~2% of US consumption.📋 Cattle on Feed: Mixed Signals — August 1 cattle on feed hit 11.12 mil head (+2% YoY), with July placements down 11% (a bullish surprise) but longer feeding times masking a shrinking cowherd. 🚪 The report may get overshadowed by Trump's beef tariff news and today's reopening of the border to Mexican cattle.