Gold Ten Futures, August 29th, USDA's latest drought report shows that about 12% of U.S. soybean growing areas were affected by drought in the week ended August 27, compared to 8% in the previous week and 40% in the same period last year. About 8% of U.S. corn growing areas were affected by drought, compared to 7% in the previous week and 45% in the same period last year. About 43% of U.S. cotton growing areas were affected by drought, compared to 30% in the previous week and 37% in the same per...
Gold Ten Futures August 24th news, the US Farm Futures magazine's Pro Farmer company crop inspection shows: 1. The expected 2024 US soybean yield is 54.9 bushels/acre, higher than the USDA's August monthly report of 53.2 bushels/acre, higher than the 2023 crop inspection of 49.7 bushels/acre. 2. The expected 2024 US soybean production is 4.74 billion bushels, higher than the USDA's August monthly report of 4.589 billion bushels, higher than the 2023 crop inspection of 4.11 billion bushels. 3. Th...