Many agriculture market watchers were perplexed by the larger-than-expected U.S. corn and soybean yields forecast by the Department of Agriculture on Aug. 12, and some of those folks this week will have a chance to get out into the fields to inspect for themselves.
According to a Reuters report, starting Monday, nearly 100 agriculture industry participants will take part in the Midwest Crop Tour, one of the most widely followed crop tours in the world due to its size and history.
Tour scouts this week will take measurements in hundreds of corn and soybean fields across the key states of Illinois, Iowa, Nebraska, Minnesota, Indiana, Ohio, and South Dakota.
The Tour findings help determine the year-to-year trend in the corn and soybean crops and are most meaningful when compared with past Tour data, not the government data.
For insight into the first day, click here: ProFarmer Tour Underway
