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Nebraska Crop Progress for Aug. 1

Nebraska Crop Progress for Aug. 1

For the week ending Aug. 1, 2021, there were 6.4 days suitable for fieldwork, according to the USDA's National Agricultural Statistics Service. Topsoil moisture supplies rated 11% very short, 37% short, 52% adequate and 0% surplus. Subsoil moisture supplies rated 12% very short, 47% short, 41% adequate and 0% surplus.

Field Crops Report:

Corn condition rated 3% very poor, 6% poor, 20% fair, 51% good and 20% excellent. Corn silking was 97%, near 93% last year and ahead of 91% for the five-year average. Dough was 41%, equal to last year and ahead of 32% average.

Soybean condition rated 1% very poor, 3% poor, 16% fair, 59% good and 21% excellent. Soybeans blooming was 95%, near 94% last year and ahead of 87% average. Setting pods was 66%, near 62% last year and ahead of 53% average.

Winter wheat harvested was 95%, near 96% last year, but ahead of 90% average.

Sorghum condition rated 3% very poor, 8% poor, 25% fair, 50% good, and 14% excellent. Sorghum headed was 49%, behind 61% last year and equal to average. Coloring was 4%, near 1% last year and 2% average.

Oats harvested was 89%, near 91% last year, but ahead of 83% average.

Dry edible bean condition rated 1% very poor, 3% poor, 20% fair, 60% good and 16% excellent. Dry edible beans blooming was 80%, ahead of 71% last year. Setting pods was 43%, ahead of 35% last year.

Pasture and Range Report:

Pasture and range conditions rated 8% very poor, 12% poor, 61% fair, 18% good and 1% excellent.

Source : unl.edu

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.