Was Pro Farmer WRONG? Everybody Else Has a Higher Corn Yield Estimate

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 🌽 StoneX Crop Estimates: StoneX trimmed its corn yield forecast to 182.9 bpa but raised production to 16.207 billion bushels on higher acreage. Soybean yield held at 53 bpa while production climbed to 4.547 billion bushels—all eyes now turn to Friday's USDA WASDE report. 📊 🌾 Crop Conditions & Harvest: Corn conditions slipped slightly to 56% good-to-excellent as harvest kicked off at 5% complete nationally. 🚜 Soybeans held steady at 58% g/e, spring wheat harvest raced to 86% done, and winter wheat planting is just getting started at 2%. 📈 Wheat Futures Surge: Wheat futures jumped Tuesday as hopes for a Russia-Ukraine peace deal faded, with Chicago wheat up 13¢ to $7.47/bu and KC wheat up 17¢ to $8.19/bu. ⚔️ Corn slipped to $5.34/bu while soybeans gained to $13.16/bu ahead of Friday's big report. 🤖 AI on the Farm: About 17% of farmers worldwide are now using generative AI, making it one of ag's fastest-growing technologies. 🧑‍🌾 US farmers lead the charge, leaning on AI for everything from agronomic advice to daily decision-making amid rising costs and weather uncertainty. 🚢 Export Inspections: Corn export inspections blew past expectations at 1.7mmt, up 11% week-over-week and 15% year-over-year. 📦 Soybean shipments rose 49% from the prior week to 422,016mt (though down YoY), while wheat shipments slipped to 342,733mt with no Chinese purchases recorded. 🔶 Copper Hits Record Highs: LME copper broke above $14,600/mt this month, fueled by a rush of shipments into the US ahead of possible tariffs. ⚡ Long-term demand from AI data centers, EVs, and clean energy — plus supply worries from mining disruptions — keeps the bullish outlook intact.