Earlier this month, USDA predicted unprecedented yield potential for U.S. grains, including a nationwide average 181.8 bushels per acre for corn and 53.3 bpa for soybeans – the largest on record, if realized.

But that potential was immediately put into doubt on the heels of a deadly Midwestern storm that tore across as much as 37 million acres, followed by two weeks of widespread hot and dry weather across much of the Corn Belt.

Those adverse conditions, coupled with general optimism over export demand, has helped lift prices substantially. So far this month, corn prices have climbed 8% higher, with soybeans up about 2%.

Even so, competition overseas remains fierce. We take a closer look at what all has been happening in the latest Midweek Markets podcast.

Listen to the latest Midweek Markets podcast for August 26, 2020:

Farm Futures Market Update · MM PODCAST 08 - 26 - 2020