USDA Report Awaits: Traders Eye September 11th Data for Next Corn Price Move

The latest Pro Farmer crop tour numbers have been absorbed by traders and analysts, but new data is still needed to move December corn futures higher. Analysts suggest that the weekly crop updates will be less impactful as the crop continues to mature.

USDA's upcoming September 11th crop report will provide the necessary data for traders to make informed decisions. In the meantime, USDA is conducting infield surveys in various states, similar to Pro Farmer's tour last week.

The Pro Farmer crop tour numbers have been a key indicator for traders, but with new data on the horizon, December corn futures are expected to move up to 550 levels. This prediction is based on past trends and the need for new information to support price movements.