Dan Looker

In July, Farm Credit Services of America, the farmer-owned lender based in Omaha, reported all-time high farmland values for the four states it serves—Iowa, Nebraska, South Dakota, and Wyoming.

The U.S. corn outlook is for larger beginning stocks, slightly higher use, and increased ending stocks with soybeans showing a drop in both old and new crop compared to a month ago.

The May report often moves markets less than planting weather.

South American corn and bean output changes little from March.

Soybeans post modest losses on the day

USDA weekly corn exports hit a marketing year high.