Corn Belt FLOOD - Which Counties Saw the Most Rain and How Will Crops be Impacted??

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🌧️ Corn Belt Flooding Intensifies – The already-saturated Corn Belt got hit with another round of heavy rain this weekend, with Illinois and Indiana seeing localized totals over 5". The White River in Anderson, Indiana crested at 24.9 feet, breaking a flood record that had stood since 1913! 😱

📈 Grain Prices Surge on Friday – Corn, beans, and wheat all rallied hard to close out the week, with December corn near $4.83 and wheat leading the charge near $7.54. Black Sea export worries plus "too much rain" fears across the Corn Belt combined to fuel the move higher. 🚀

🌽 Pro Farmer Crop Tour Begins Today – Scouts are hitting the road to survey over 2,000 fields across seven states, giving us our first real independent look at corn and soybean yield potential this season. The eastern and western legs run through Thursday, and we'll be bringing you daily updates all week long. 🔍

🚢 Black Sea Chaos Reshapes Global Grain Trade – Escalating Russia-Ukraine port attacks are pushing Asian buyers toward alternative suppliers, with countries like Indonesia and Bangladesh sourcing wheat from Australia and Romania instead. Ukraine warned it may only export half its expected ag goods this season as vessels grow hesitant to enter the war zone. ⚓

💰 Funds Keep Selling Ag Contracts – The latest CFTC data shows large money managers were net sellers across corn, soybeans, and SRW wheat for the week ending August 11. It's a continuation of the bearish positioning we've been tracking in recent reports. 📉

🇨🇳 China Keeps Buying US Beans – Another flash sale hit the tape Friday, with China picking up more new-crop soybeans for the 2026/2027 marketing year. New crop soybean sales are now running +153% ahead of last year's pace, largely thanks to a wave of Chinese purchases. 🌱

📊 Wall Street Notches Another Record Week – The S&P 500 closed at fresh highs, marking its third straight weekly gain as cooling inflation data boosted rate-cut-hold expectations. Investors are still keeping one eye on Middle East tensions, though, as rising Treasury yields hint that borrowing costs aren't easing up just yet. 💹