Soybeans slipped the market continued to watch harvest progress in South America. Brazil is nearing completion, while Argentina’s harvest is around 25 percent complete due to wet conditions. More rain is expected in the coming week. While some farmers did make planting progress this week, more rain moved in causing some planting delays and adding some pressure to the market. There’s more rain in the forecast for the weekend. The USDA will update planting progress on Monday.
Evaluate early corn stands
Corn is emerging across the Midwest and farmers are encouraged to evaluate early stands. Pioneer agronomist Jonathan Rotz says he’s looking