![]() ![]() USDA- Office of the Chief Economist (July 13, 2023). USDA- Office of the Chief Economist (July 13, 2023).Īnd today, Reuters writer Naveen Thukral reported that, “Portions of the northwestern Midwest are set to remain dry in the coming week and the key growth period for soybeans still lies ahead in August.” U.S. “By Thursday, traders considered that crops in the United States, the world’s second-largest exporter of corn and soybeans, still faced weeks of weather risk.” U.S. Department of Agriculture projected massive harvests of both crops this year, despite drought conditions stressing plants during early stages of development.
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