USDA Releases July WASDE Report

The USDA released its July WASDE report on Friday.

 

Dan Basse is president of AgResource Company in Chicago.

 

"The market has reacted somewhat negatively...the report didn't have any major surprises," said Basse. "Maybe a surprise in the report is that China soybean imports were left at 96 million metric tons, both in this crop year, which is just about over with, and the new crop year. USDA is not forecasting that China will take additional soybeans or oilseed crops in that time frame."

 

He gave an update on U.S. crops.

 

"So far, so good," said Basse. "We've got some stress down in the southern half of Illinois, Indiana, and Ohio...They've seen some drought stress, we need some rain in those areas. We are looking at weather models that are divergent beyond the next seven days but we do have a chance for rain through Tuesday in almost all of those areas. I think it's a question of how much will fall and then do we get that hot, dry forecast later next week."

Video: Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.