Grain traders are watching yield reports closely. Northstar Commodity Chief Analyst Mark Schultz says early soybean yield reports coming to his office have been disappointing. “If I have to look at what we have in parts of some farmers from Iowa to South Dakota into Minnesota, yields have been not as good. As harvest continues, I think there will be more harvest pressure.” Schultz thinks grain prices will struggle to move sharply higher. “Once we get through harvest, I think we’ll see the markets firm back up some. I’m not sure we’ll go sharply higher until we start seeing a soybean yield fall one to two bushels less than the books.”
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