Sunday, August 24, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
No Result
View All Result
Home Business

Crop tour projects record 2025 U.S. corn harvest, but disease could hit yields

admin by admin
August 24, 2025
in Business
0
Crop tour projects record 2025 U.S. corn harvest, but disease could hit yields
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

ROCHESTER, Minnesota, Aug 22 (Reuters) – U.S. farmers will harvest a record corn crop in 2025 after ideal weather across much of the Midwest this summer, but the bounty will fall short of the U.S. government’s lofty outlook as pockets of plant disease and heat stress dented yields in spots across the farm belt, crop consultancy Pro Farmer said on Friday.

Growers are also expected to reap a bumper soybean crop, although dry conditions in parts of the eastern Midwest and pockets of disease pressure in Iowa may limit yield potential, Pro Farmer said after its annual four-day tour across seven top-producing states this week.

The United States is the world’s top corn exporter and No. 2 soybean exporter, and favorable weather in most of the main growing states supported crops but pushed futures prices to recent multi-year lows.

The warm and wet conditions that fueled crop growth also fostered fungal diseases such as tar spot, southern rust and northern blight in corn, and sudden death syndrome in soybeans.

“Each day we’ve noted the disease pressure in corn. Tar spot, southern rust more widespread than we’ve ever seen before. Those are going to be some real yield robbers,” said Lane Akre, Pro Farmer economist and one of the leaders of the tour’s eastern leg.

Pro Farmer projected 2025 U.S. corn production at a record 16.204 billion bushels, with an average yield of 182.7 bushels per acre, and soybean production at 4.246 billion bushels, with an average yield of 53.0 bpa.

The outlook is below the U.S. Department of Agriculture’s latest forecast for corn production at a record 16.742 billion bushels with yields averaging 188.8 bpa, and soybean production at 4.292 billion bushels with record average yields of 53.6 bpa.

Crop scouts on the Pro Farmer tour saw more disease-hit fields than normal across the Midwest farm belt this week, although it is not yet clear whether these diseases will blow up into significant yield loss.

At one stop in northwest Illinois, the corn field appeared healthy and green from the roadside, but 30 to 40 steps in, leaves were streaked with rust, leaving crop scouts covered in color. Overhead, bright yellow crop dusters banked low as they sprayed wide white plumes of fungicide.

Jake Guse, a Minnesota row crop farmer and crop scout on the eastern leg of the tour, said disease levels were the worst and most widespread that many crop scouts had ever seen on the tour.

“As we traveled across Indiana, we started seeing more (disease). In Illinois, started getting bad — and it was all over Iowa,” Guse said of three of the largest producing states.

However, crop scouts also found exceptional yield prospects that could help cushion any disease-related yield decline.

The strong production prospects may not be welcome news to farmers, who are facing a third straight year of declining corn prices due to excess supplies and only a modest improvement in soybean prices, according to USDA data.

Production costs remain high while trade tensions with key markets like China, the top soybean importer, have left demand uncertain.

While the USDA is forecasting that the nation’s farm economy will improve in 2025, that boost will largely come from a massive influx of federal funding the Trump administration plans to send to rural America, according to USDA data.

Corn and soybean futures on the Chicago Board of Trade firmed this week as reports from the crop tour suggested that recent USDA harvest forecasts may be too high.

The benchmark CBOT December corn contract CZ25 ended the week up 1.5%, its first weekly gain in a week in five weeks, while November soybeans SX25 also rose 1.5% and hit a one-month high.

This post appeared first on NBC NEWS

Previous Post

The Real Drivers of This Market: AI, Semis & Robotics

Next Post

Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

admin

admin

Next Post
Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    August 24, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    August 24, 2025
    Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

    Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

    August 24, 2025
    Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

    Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

    August 24, 2025

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    August 24, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    August 24, 2025
    Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

    Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

    August 24, 2025
    Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

    Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

    August 24, 2025

    Disclaimer: financemasterynews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    August 24, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    August 24, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved