US Soybean Crop In "Trouble, Big Trouble"

[SASKFARMER3]

US Soybean Crop In "Trouble, Big Trouble"
Dr Michael Cordonnier toured Illinois, Iowa and Missouri over the weekend. Here are some observations:
"The soybean crop is in trouble, big trouble!
"Of the soybeans we saw, I would estimate that 40% are good, 30% are mediocre, and 30% are poor to very poor. Where the crop is poor, it is really bad or in some cases nonexistent. In some of the saturated areas, half of the soybeans are missing and the other half is very short, stunted, poor colour, and really struggling.
"Combining the unplanted soybeans and the soybeans lost due to standing water, the total soybean acreage could be millions of acres short of what was intended. If the weather during July and Aug. would turn out to be normal, that could stabilize the crop, but it would still be disappointing. If the weather over the next two weeks is as wet as it has been for the last several weeks, the soybean crop is going to get a lot worse

[farming101]

Unless there is another economic meltdown (which is entirely possible),
you can say goodbye to large US soybean carryover stocks.

[mcfarms]

It may show up as a double post but for those that don't already follow it

Www.cornandsoybeans.com

[charliep]

For what it is worth, I would be spending as much time following the CBT corn rally. Makes the least sense to me but the market with the strongest US domestic demand factor and the most ability to influence other markets. Don't know if this market can keep a 4 in front of it but interesting none the less.

[SASKFARMER3]

Flooded corn is like flooded anything good for shit!