Crop Tour Data Sparks Market Volatility Across Agricultural Commodities
The Pro Farmer Crop Tour's latest data has sparked significant market movement across various agricultural commodities. On August 24, 2026, corn futures saw a notable rally, with December corn rising 7 cents to $5.15 1/2 and hitting a contract high early in the day.
Technical buying was prominent in the corn market, as charts have turned fully bullish following the tour's national U.S. corn crop production estimate of 15.344 billion bushels on an average yield of 173.2 bushels per acre.
In contrast, soybeans saw pressure from a bearish Pro Farmer Crop Tour U.S. soybean production estimate released after the close on Friday. The tour projected a U.S. soybean crop of 4.572 billion bushels on an average yield of 53.3 bushels per acre.
Wheat markets also experienced notable movement, with September SRW rising 1/4 cent to $6.81 3/4 and hitting a four-week high overnight, while HRW fell 5 3/4 cents to $7.50 1/2.