The USDA is reminding communities, farmers and ranchers, families, and small businesses in the path of Tropical Storms Marco and Laura that they have assistance programs to help. USDA staff in regional, state, and county offices are ready and eager to help in the wake of natural disasters. 

USDA partnered with the Federal Emergency Management Agency and other disaster-focused organizations to create the Disaster Resource Center. The center’s website and web tool now provide an easy access point to find USDA disaster information and assistance. 

The USDA also developed a disaster assistance discovery tool specifically targeted to rural and agricultural issues. The tool walks producers through five questions that generate personalized results identifying which USDA disaster assistance programs can help them best recover from a natural disaster. 

USDA also encourages residents and small businesses in impact zones to contact their local USDA offices to help meet their individual needs. The USDA’s Animal and Plant Health Inspection Service is urging those in the potential path of the storms to prepare now, not just for yourselves but for livestock and pets too.

The USDA is reminding communities, farmers and ranchers, families, and small businesses in the path of Tropical Storms Marco and Laura that they have assistance programs to help. USDA staff in regional, state, and county offices are ready and eager to help in the wake of natural disasters. USDA partnered with the Federal Emergency Management Agency and other disaster-focused organizations to create the Disaster Resource Center. The center’s website and web tool now provide an easy access point to find USDA disaster information and assistance. The USDA also developed a disaster assistance discovery tool specifically targeted to rural and agricultural issues. The tool walks producers through five questions that generate personalized results identifying which USDA disaster assistance programs can help them best recover from a natural disaster. USDA also encourages residents and small businesses in impact zones to contact their local USDA offices to help meet their individual needs. The USDA’s Animal and Plant Health Inspection Service is urging those in the potential path of the storms to prepare now, not just for yourselves but for livestock and pets too.

USDA programs ready to assist those impacted by Tropical Storms Marco and Laura

The Creighton University Rural Mainstreet Index increased slightly in August from July’s weak index number. A monthly survey of bank CEOs in rural areas of a 10-state region that depends on agriculture and energy shows the August index is the sixth-straight month of a number below growth-neutral. 

The August index showed a slight increase at 44.7, up from July’s 44.1. However, that number is still in a recessionary economic zone. It was still a significant increase from the record-low in April of 12.1. The index ranges from 0 to 100, with an index of 50 representing growth neutral. 

“Farm commodity prices are down by 10.4 percent over the past 12 months,” says Dr. Ernie Goss, who oversees the Rural Mainstreet Index. “Despite the input of $32 billion in USDA farm support payments this year, only eight percent of bankers reported their area economy had improved compared to July, while 18 percent say economic conditions have gotten worse.” 

Along those same lines, the farmland price index rose above growth neutral for only the second time in the last 81 months, with the August reading at 50.1, up from July’s 45.6. The August farm equipment-sales index dropped to 32.8 from 34.4 in July.

The Creighton University Rural Mainstreet Index increased slightly in August from July’s weak index number. A monthly survey of bank CEOs in rural areas of a 10-state region that depends on agriculture and energy shows the August index is the sixth-straight month of a number below growth-neutral. The August index showed a slight increase at 44.7, up from July’s 44.1. However, that number is still in a recessionary economic zone. It was still a significant increase from the record-low in April of 12.1. The index ranges from 0 to 100, with an index of 50 representing growth neutral. “Farm commodity prices are down by 10.4 percent over the past 12 months,” says Dr. Ernie Goss, who oversees the Rural Mainstreet Index. “Despite the input of $32 billion in USDA farm support payments this year, only eight percent of bankers reported their area economy had improved compared to July, while 18 percent say economic conditions have gotten worse.” Along those same lines, the farmland price index rose above growth neutral for only the second time in the last 81 months, with the August reading at 50.1, up from July’s 45.6. The August farm equipment-sales index dropped to 32.8 from 34.4 in July.

Rural Mainstreet Index inches up in August; still negative

More trade talks between China and the U.S. are on the horizon. However, the questions of if and when remain. Last week, the Trump administration declined to confirm any plans to meet with China regarding the Phase 1 trade deal. 

According to Reuters, a spokesperson for China’s Commerce Ministry last week stated bilateral talks would be held "in the coming days" to evaluate the agreement's progress. Previously planned for August 15, China claims the meeting was moved due to a scheduling conflict. 

Yet, President Donald Trump claims he canceled the meeting, because, he says, “I don’t want to deal with them now.” China is buying more U.S. commodities, a promise made in the Phase 1 agreement. However, the most recent data suggests China is behind pace to fulfill its commitments. 

China has committed to buying more new crop soybeans and sorghum from the United States. And, while China is purchasing more U.S. new crop corn, the purchases still lag from prior levels.

More trade talks between China and the U.S. are on the horizon. However, the questions of if and when remain. Last week, the Trump administration declined to confirm any plans to meet with China regarding the Phase 1 trade deal. According to Reuters, a spokesperson for China’s Commerce Ministry last week stated bilateral talks would be held "in the coming days" to evaluate the agreement's progress. Previously planned for August 15, China claims the meeting was moved due to a scheduling conflict. Yet, President Donald Trump claims he canceled the meeting, because, he says, “I don’t want to deal with them now.” China is buying more U.S. commodities, a promise made in the Phase 1 agreement. However, the most recent data suggests China is behind pace to fulfill its commitments. China has committed to buying more new crop soybeans and sorghum from the United States. And, while China is purchasing more U.S. new crop corn, the purchases still lag from prior levels.

China, U.S. trade talks coming

Congress won’t consider any coronavirus relief until September, and the streamlined package won’t likely include agriculture. Senate Republicans indicate they plan to introduce a “skinny” bill next month, according to the Hagstrom Report. 

The Senate returns to session on September 8, and the House has scheduled to return for committee meetings on September 8, with the full House returning to session September 14. 

The delay sets up speculation the general coronavirus aid may be included in spending bills Congress must pass by September 30, the end of the current fiscal year. 

Congress must also pass the spending bills to avoid a government shutdown. Many in agriculture agree more aid is needed for farmers and ranchers facing losses from the COVID-19 pandemic. 

The failed HEALS Act in the Senate would have provided an additional $20 billion for agriculture. The CARES Act included $14 billion for agriculture, and the Coronavirus Food Assistance Program includes $16 billion for agriculture.

Congress won’t consider any coronavirus relief until September, and the streamlined package won’t likely include agriculture. Senate Republicans indicate they plan to introduce a “skinny” bill next month, according to the Hagstrom Report. The Senate returns to session on September 8, and the House has scheduled to return for committee meetings on September 8, with the full House returning to session September 14. The delay sets up speculation the general coronavirus aid may be included in spending bills Congress must pass by September 30, the end of the current fiscal year. Congress must also pass the spending bills to avoid a government shutdown. Many in agriculture agree more aid is needed for farmers and ranchers facing losses from the COVID-19 pandemic. The failed HEALS Act in the Senate would have provided an additional $20 billion for agriculture. The CARES Act included $14 billion for agriculture, and the Coronavirus Food Assistance Program includes $16 billion for agriculture.

Coronavirus aid delayed, likely won’t include ag provisions

Pro Farmer estimates a 14.8-billion-bushel corn crop, with an average yield of 177.5 bushels-per-acre. For soybeans, Pro Farmer estimates a 4.3-billion-bushel crop with an average yield of 52.5 bushels-per-acre. 

Pro Farmer released the projections Friday following its annual Midwestern Crop Tour. Both corn and soybean yield estimates would be record crops, but not as big as projected by the Department of Agriculture earlier this month. 

Pro Farmer trimmed 525,000 from harvested acres, 300,000 coming from Iowa. The Iowa cut stems from the derecho storm that destroyed crops this month, but the bigger concern for the state is drought. Pro Farmer pegged Iowa corn yields at 180 bushels-per-acre, and soybeans at 55 bushels-per-acre. 

The week long tour found Illinois has the best-projected corn yield at 205 bushels-per-acre, and the top projected soybean yield at 62 bushels-per-acre. The tour samples corn and soybean crops in Illinois, Indiana, Iowa, Minnesota, Nebraska, Ohio and South Dakota.

Pro Farmer estimates a 14.8-billion-bushel corn crop, with an average yield of 177.5 bushels-per-acre. For soybeans, Pro Farmer estimates a 4.3-billion-bushel crop with an average yield of 52.5 bushels-per-acre. Pro Farmer released the projections Friday following its annual Midwestern Crop Tour. Both corn and soybean yield estimates would be record crops, but not as big as projected by the Department of Agriculture earlier this month. Pro Farmer trimmed 525,000 from harvested acres, 300,000 coming from Iowa. The Iowa cut stems from the derecho storm that destroyed crops this month, but the bigger concern for the state is drought. Pro Farmer pegged Iowa corn yields at 180 bushels-per-acre, and soybeans at 55 bushels-per-acre. The week long tour found Illinois has the best-projected corn yield at 205 bushels-per-acre, and the top projected soybean yield at 62 bushels-per-acre. The tour samples corn and soybean crops in Illinois, Indiana, Iowa, Minnesota, Nebraska, Ohio and South Dakota.

Pro farmer predicts record yields

Second Harvest Community Food Bank received a donation of more than 37,000 servings of ground pork from Missouri Farmers Care's Drive to Feed Kids this week. 

According to a press release from Missouri Farmers Care, in partnership with the Missouri Pork Association, Missouri pig farmers donated 60 hogs for processing under the Pork Partnership. 

Missouri Farmers Care says the donation of 8,120 pounds of ground pork, provides much-needed, high-quality protein for hungry Missourians.

With increased unemployment and the challenges of this year, Feeding America projects the number of Missourians facing food insecurity has increased by 5.3% to 63,700 Missourians, including 20,870 children. "This pork donation from Missouri Farmers Care will allow us to provide quality protein to those in need within our service area," said Second Harvest Communications Coordinator, Blake Haynes. "We are proud to partner with such a community driven organization."

The Missouri Farmers Care Drive to Feed Kids works to reduce food insecurity across Missouri, in partnership with Feeding Missouri and their network of food banks. Meanwhile, slowdowns driven by coronavirus among major pork processors strained the processing chain in May and June. The Drive to Feed Kids Pork Partnership bridges the gap between Missourians needing a hand up and pork producers who faced a reduction in processing availability. "Since it launched in 2017, the Drive to Feed Kids has focused on addressing food insecurity in children across Missouri," said Don Nikodim, executive director of the Missouri Pork Association. "We're proud to see how our partners across agriculture have again stepped up to address the needs during these challenging times. Missouri agriculture has a track record of coming together to solve problems, and this is one way to help in today's tough situation. We thank pork producers who have donated their hogs so food banks can meet the needs of our neighbors facing hunger."

Since the initial pick up on May 26, 2020, the Pork Partnership has distributed a total of 44,410 pounds of ground pork statewide to Missouri's regional food banks. 

To learn more about Missouri Farmers Care and the 2020 Drive to Feed Kids, visit&nbsp;<a href="http://r20.rs6.net/tn.jsp?f=001eOdwFNjKqBbljqowQuLzID6m55JbI4FH2ZCMoyCHA_n9Rd3N6CcYWYzHwqzUjZt8FhW-LmAXBwAt_t1SSnUZapxZjXwp5XP4sZDk35b-twKluVVZxIrlRRMx7kSZe_g8Zl1N42-6vHfzIh2bzE_UnPJoSvKtZvlRrcsHk9NgiqPrG1BPJaRVLmkn3xd0X6xU&amp;c=0H5BMXbli5zfF4S0qNdpIlWO_FrShM0meqX8CCZi3kARkEE-mLfKiw==&amp;ch=hXJSDy-DaKZk6kkPyHKafAwxeQhCbTPMIx7GpYyjKJoxdqpdjM48Lw==" target="_blank">MOFarmersCare.com/drive</a>.&nbsp;&nbsp;

Second Harvest Community Food Bank received a donation of more than 37,000 servings of ground pork from Missouri Farmers Care's Drive to Feed Kids this week. According to a press release from Missouri Farmers Care, in partnership with the Missouri Pork Association, Missouri pig farmers donated 60 hogs for processing under the Pork Partnership. Missouri Farmers Care says the donation of 8,120 pounds of ground pork, provides much-needed, high-quality protein for hungry Missourians.<figure>
 <img src="https://media.eaglewebservices.com/public/2020/8/1598047303388.png" alt="Second Harvest Community Food Bank received a donation of more than 37,000 servings of ground pork from Missouri Farmers Care's Drive to Feed Kids. Photo courtesy of Missouri Farmers Care." />
 <figcaption>Second Harvest Community Food Bank received a donation of more than 37,000 servings of ground pork from Missouri Farmers Care's Drive to Feed Kids. Photo courtesy of Missouri Farmers Care.</figcaption>
 </figure>With increased unemployment and the challenges of this year, Feeding America projects the number of Missourians facing food insecurity has increased by 5.3% to 63,700 Missourians, including 20,870 children. "This pork donation from Missouri Farmers Care will allow us to provide quality protein to those in need within our service area," said Second Harvest Communications Coordinator, Blake Haynes. "We are proud to partner with such a community driven organization."<div><blockquote class="twitter-tweet">Thank you <a href="https://twitter.com/MOFarmersCare?ref_src=twsrc%5Etfw">@MOFarmersCare</a>, <a href="https://twitter.com/Mo_Soy?ref_src=twsrc%5Etfw">@Mo_Soy</a> and Missouri Pork for donating over 8,100 LBs of ground pork! <a href="https://t.co/bVcQJOGfcc">pic.twitter.com/bVcQJOGfcc</a>&mdash; Second Harvest (@Second_Harvest) <a href="https://twitter.com/Second_Harvest/status/1296920643091529732?ref_src=twsrc%5Etfw">August 21, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>The Missouri Farmers Care Drive to Feed Kids works to reduce food insecurity across Missouri, in partnership with Feeding Missouri and their network of food banks. Meanwhile, slowdowns driven by coronavirus among major pork processors strained the processing chain in May and June. The Drive to Feed Kids Pork Partnership bridges the gap between Missourians needing a hand up and pork producers who faced a reduction in processing availability. "Since it launched in 2017, the Drive to Feed Kids has focused on addressing food insecurity in children across Missouri," said Don Nikodim, executive director of the Missouri Pork Association. "We're proud to see how our partners across agriculture have again stepped up to address the needs during these challenging times. Missouri agriculture has a track record of coming together to solve problems, and this is one way to help in today's tough situation. We thank pork producers who have donated their hogs so food banks can meet the needs of our neighbors facing hunger."Since the initial pick up on May 26, 2020, the Pork Partnership has distributed a total of 44,410 pounds of ground pork statewide to Missouri's regional food banks. To learn more about Missouri Farmers Care and the 2020 Drive to Feed Kids, visit&nbsp;<a href="http://r20.rs6.net/tn.jsp?f=001eOdwFNjKqBbljqowQuLzID6m55JbI4FH2ZCMoyCHA_n9Rd3N6CcYWYzHwqzUjZt8FhW-LmAXBwAt_t1SSnUZapxZjXwp5XP4sZDk35b-twKluVVZxIrlRRMx7kSZe_g8Zl1N42-6vHfzIh2bzE_UnPJoSvKtZvlRrcsHk9NgiqPrG1BPJaRVLmkn3xd0X6xU&amp;c=0H5BMXbli5zfF4S0qNdpIlWO_FrShM0meqX8CCZi3kARkEE-mLfKiw==&amp;ch=hXJSDy-DaKZk6kkPyHKafAwxeQhCbTPMIx7GpYyjKJoxdqpdjM48Lw==" target="_blank">MOFarmersCare.com/drive</a>.&nbsp;&nbsp;

Second Harvest receives donation of over 8,000 pounds of pork

The National FFA Organization this week announced a record-high student membership of 760,113, an increase from last year’s 700,170 members. The top five student membership states are Texas, California, Georgia, Florida and Oklahoma. 

Interest in FFA and agricultural education continues to grow as membership continues to increase as well as the number of chapters. This year, the organization has more than 115,831 Latino members, more than 40,000 Black members and more than 12,000 members who are American Indian and Alaska Native. 

Forty-four percent of the membership is female, with 51 percent of the membership being male. FFA chapters can be found in 24 of the 25 largest U.S. cities. 

National FFA CEO Mark Poeschl says, “as we continue to bring agricultural education and FFA to more students, we see the enthusiasm of this generation reflected in the growth of our organization.” The National FFA Organization includes more than 8,700 local FFA chapters.

The National FFA Organization this week announced a record-high student membership of 760,113, an increase from last year’s 700,170 members. The top five student membership states are Texas, California, Georgia, Florida and Oklahoma. Interest in FFA and agricultural education continues to grow as membership continues to increase as well as the number of chapters. This year, the organization has more than 115,831 Latino members, more than 40,000 Black members and more than 12,000 members who are American Indian and Alaska Native. Forty-four percent of the membership is female, with 51 percent of the membership being male. FFA chapters can be found in 24 of the 25 largest U.S. cities. National FFA CEO Mark Poeschl says, “as we continue to bring agricultural education and FFA to more students, we see the enthusiasm of this generation reflected in the growth of our organization.” The National FFA Organization includes more than 8,700 local FFA chapters.

FFA membership reaches record

Legislation introduced this week seeks to improve public transportation in rural communities. Lawmakers say the Rural Transit Act, would increase the federal contribution for operating assistance in rural areas with high transit dependency. 

The bill was introduced by Senators Tina Smith, a Minnesota Democrat, Tammy Baldwin, a Wisconsin Democrat, and Mike Rounds, a South Dakota Republican. The Federal Transit Administration provides grants to support rural public transportation. 

However, the lawmakers say it can be difficult for certain rural communities to provide the necessary local contribution to qualify for assistance. Senator Rounds says the legislation would “allow transit operators in extreme need to receive a higher federal share of operating assistance.” 

The bill would increase the federal share to eighty percent for operating assistance in certain areas with high transit dependency. For a transit project to qualify, it must serve a county considered an “area of persistent poverty,” with 25 percent of residents over 65 years old.

Legislation introduced this week seeks to improve public transportation in rural communities. Lawmakers say the Rural Transit Act, would increase the federal contribution for operating assistance in rural areas with high transit dependency. The bill was introduced by Senators Tina Smith, a Minnesota Democrat, Tammy Baldwin, a Wisconsin Democrat, and Mike Rounds, a South Dakota Republican. The Federal Transit Administration provides grants to support rural public transportation. However, the lawmakers say it can be difficult for certain rural communities to provide the necessary local contribution to qualify for assistance. Senator Rounds says the legislation would “allow transit operators in extreme need to receive a higher federal share of operating assistance.” The bill would increase the federal share to eighty percent for operating assistance in certain areas with high transit dependency. For a transit project to qualify, it must serve a county considered an “area of persistent poverty,” with 25 percent of residents over 65 years old.

Bill seeks investment in rural public transit

The Pro Farmer Midwestern Crop Tour wrapped up Thursday after finding some unexpected drought areas. Drought conditions reported in the weekly Drought Monitor show classified droughts in The Dakotas, Western Nebraska, Much of Iowa, and small parts of Illinois and Indiana, and much of Ohio.&nbsp; 

Meanwhile, most of the Western U.S. is dry, with many severe and extreme drought classifications. While much of the attention focuses on the derecho storm that hit Iowa and other states, potentially destroying up to ten percent of the nation’s corn crop, parts of Iowa are in moderate to severe drought. 

Drought conditions expanded in western and northeastern Iowa in the last week. Organizers of the Drought Monitor say the expansion is in response to the short-term precipitation deficits during the past 60-day period, dry soils, and agricultural impacts. 

Pro Farmer scouts toured Western Iowa Wednesday, reporting lower expected yields for the region. Pro Farmer’s final national crop projections will be released Friday afternoon.

The Pro Farmer Midwestern Crop Tour wrapped up Thursday after finding some unexpected drought areas. Drought conditions reported in the weekly Drought Monitor show classified droughts in The Dakotas, Western Nebraska, Much of Iowa, and small parts of Illinois and Indiana, and much of Ohio.&nbsp; Meanwhile, most of the Western U.S. is dry, with many severe and extreme drought classifications. While much of the attention focuses on the derecho storm that hit Iowa and other states, potentially destroying up to ten percent of the nation’s corn crop, parts of Iowa are in moderate to severe drought. Drought conditions expanded in western and northeastern Iowa in the last week. Organizers of the Drought Monitor say the expansion is in response to the short-term precipitation deficits during the past 60-day period, dry soils, and agricultural impacts. Pro Farmer scouts toured Western Iowa Wednesday, reporting lower expected yields for the region. Pro Farmer’s final national crop projections will be released Friday afternoon.

Crop tour highlights midwest drought areas

A new study shows red meat exports added 12 percent of bushel value to U.S. corn farmers in 2019. The U.S. Meat Export Federation recently updated a study on the market value of red meat exports. At an average of $3.75 per bushel, $0.46 is from red meat exports, according to the study. 

The results indicate that without red meat exports, corn growers would have lost $6.4 billion in corn revenue in 2019. Last year, U.S. beef and pork exports used 480 million bushels of corn. 

Corn revenue generated by pork exports totaled $1.8 billion. Beef and pork exports also used about three million tons of distiller’s dried grains with solubles in 2019 at an annual average price of $137 per ton. This generated $411.8 million in revenue for co-products from ethanol mills. 

USMEF says beef and pork exports have been the fastest-growing category of corn use since 2015. The projected market value of red meat exports to U.S. corn from 2020-2029 is $23.1 billion.

A new study shows red meat exports added 12 percent of bushel value to U.S. corn farmers in 2019. The U.S. Meat Export Federation recently updated a study on the market value of red meat exports. At an average of $3.75 per bushel, $0.46 is from red meat exports, according to the study. The results indicate that without red meat exports, corn growers would have lost $6.4 billion in corn revenue in 2019. Last year, U.S. beef and pork exports used 480 million bushels of corn. Corn revenue generated by pork exports totaled $1.8 billion. Beef and pork exports also used about three million tons of distiller’s dried grains with solubles in 2019 at an annual average price of $137 per ton. This generated $411.8 million in revenue for co-products from ethanol mills. USMEF says beef and pork exports have been the fastest-growing category of corn use since 2015. The projected market value of red meat exports to U.S. corn from 2020-2029 is $23.1 billion.

Study shows value of red meat exports to corn farmers

President Donald Trump trails former Vice President Joe Biden in election polls, but farmer support for Trump remains strong. A recent Pulse Poll from Farm Journal shows 82 percent of the more than 1,500 farmer respondents say they would vote for President Trump if the election were held today. 

Meanwhile, 13 percent say they would vote for Biden, while five percent remain undecided. Farm Journal conducted a second poll after Biden announced Kamala Harris as his running mate, where just nine percent of respondents say Harris would make them more likely to vote for Biden. 

Farm Journal says President Trump has enjoyed steady support in the Pulse Poll with his approval rating remaining in a range between 75 percent and 80 percent for the past year. 

There’s been much discussion during the Democratic National Convention this week how the party needs to engage with rural America. Former Agriculture Secretary Tom Vilsack has pleaded to the party since 2016 to engage with rural voters.

<figure>
 <img src="https://media.eaglewebservices.com/public/2020/8/1597936617084.jpeg" alt="President Donald Trump at news conference in Iowa/ Photo courtesy of Radio Iowa" />
 <figcaption>President Donald Trump at news conference in Iowa/ Photo courtesy of Radio Iowa</figcaption>
 </figure>President Donald Trump trails former Vice President Joe Biden in election polls, but farmer support for Trump remains strong. A recent Pulse Poll from Farm Journal shows 82 percent of the more than 1,500 farmer respondents say they would vote for President Trump if the election were held today. Meanwhile, 13 percent say they would vote for Biden, while five percent remain undecided. Farm Journal conducted a second poll after Biden announced Kamala Harris as his running mate, where just nine percent of respondents say Harris would make them more likely to vote for Biden. Farm Journal says President Trump has enjoyed steady support in the Pulse Poll with his approval rating remaining in a range between 75 percent and 80 percent for the past year. There’s been much discussion during the Democratic National Convention this week how the party needs to engage with rural America. Former Agriculture Secretary Tom Vilsack has pleaded to the party since 2016 to engage with rural voters.

Farmer support for Trump remains strong

Lawmakers in the House of Representatives this week introduced the Helping America’s Farmers Act. The legislation would create a new economic injury disaster loan program at the Department of Agriculture’s Farm Service Agency. 

Introduced by Representative Jahana Hayes, a Connecticut Democrat and Antonio Delgado, a New York Democrat, the bill is endorsed by the National Milk Producers Federation and Dairy Farmers of America. The bill would appropriate $10 billion for direct loans through the FSA, along with another $10 billion for a guaranteed loan program through FSA lenders, and $300 million for administrative costs. 

Under the new loan program, applicants would also be eligible for a $20,000 grant upon application, and can seek forgiveness for their loan based on demonstrated economic hardship. 

Application priority is given to farmers and ranchers located in the areas hit hardest by an economic disaster, as well as minority, veteran and women-owned operations. Representative Hayes says the legislation will get farmers “the help they so desperately need.”

Lawmakers in the House of Representatives this week introduced the Helping America’s Farmers Act. The legislation would create a new economic injury disaster loan program at the Department of Agriculture’s Farm Service Agency. Introduced by Representative Jahana Hayes, a Connecticut Democrat and Antonio Delgado, a New York Democrat, the bill is endorsed by the National Milk Producers Federation and Dairy Farmers of America. The bill would appropriate $10 billion for direct loans through the FSA, along with another $10 billion for a guaranteed loan program through FSA lenders, and $300 million for administrative costs. Under the new loan program, applicants would also be eligible for a $20,000 grant upon application, and can seek forgiveness for their loan based on demonstrated economic hardship. Application priority is given to farmers and ranchers located in the areas hit hardest by an economic disaster, as well as minority, veteran and women-owned operations. Representative Hayes says the legislation will get farmers “the help they so desperately need.”

House lawmakers introduce helping America’s farmers act

Purchasing in bulk and online are trends here to stay, according to new consumer-based research. A global study from Momentum Worldwide reveals that only 16 percent of shoppers said they would immediately go back to the way things were before the pandemic. 

The trends present challenges in marketing and packaging of consumer goods and grocery items. The survey found 84 percent of consumers now shop online. However, 76 percent say they miss casually browsing, even at the grocery store. The results also found 61 percent of consumers plan to do more cooking at home and 60 percent plan to eat healthier. 

The trends are changing, perhaps permanently, shopping experiences and expectations. The survey found 62 percent of consumers plan to buy more groceries online after the pandemic, and 59 percent say they will purchase more home goods online post-pandemic. 

Though, 25 percent of consumers say they will leave online grocery shopping after the pandemic.

Purchasing in bulk and online are trends here to stay, according to new consumer-based research. A global study from Momentum Worldwide reveals that only 16 percent of shoppers said they would immediately go back to the way things were before the pandemic. The trends present challenges in marketing and packaging of consumer goods and grocery items. The survey found 84 percent of consumers now shop online. However, 76 percent say they miss casually browsing, even at the grocery store. The results also found 61 percent of consumers plan to do more cooking at home and 60 percent plan to eat healthier. The trends are changing, perhaps permanently, shopping experiences and expectations. The survey found 62 percent of consumers plan to buy more groceries online after the pandemic, and 59 percent say they will purchase more home goods online post-pandemic. Though, 25 percent of consumers say they will leave online grocery shopping after the pandemic.

Consumer pandemic shopping trends here to stay

The U.S. Ninth Circuit Court of Appeals this week declined a rehearing request on its June dicamba decision. The decision leaves Bayer, Corteva and BASF with one final legal option to overturn the ruling vacating registration of dicamba herbicides: appealing to the Supreme Court. 

On June 3, the court vacated the registration for Bayer's XtendiMax, Corteva’s FeXapan and BASF’s Engenia, all dicamba-based herbicides. Last month, all three companies petitioned for a group of judges to rehear the case, known as a “rehearing in banc.” A statement from BASF to DTN says, “We are assessing additional legal options, including a challenge to the U.S. Supreme Court.” 

However, the ruling doesn’t apply to future registrations of dicamba herbicides, and the Environmental Protection Agency is reviewing whether or not to allow for its use in 2021. 

Earlier this month, a report from environmental groups stated, “EPA should not renew dicamba product registrations,” until further research shows dicamba formulations will not harm off-target plants.

The U.S. Ninth Circuit Court of Appeals this week declined a rehearing request on its June dicamba decision. The decision leaves Bayer, Corteva and BASF with one final legal option to overturn the ruling vacating registration of dicamba herbicides: appealing to the Supreme Court. On June 3, the court vacated the registration for Bayer's XtendiMax, Corteva’s FeXapan and BASF’s Engenia, all dicamba-based herbicides. Last month, all three companies petitioned for a group of judges to rehear the case, known as a “rehearing in banc.” A statement from BASF to DTN says, “We are assessing additional legal options, including a challenge to the U.S. Supreme Court.” However, the ruling doesn’t apply to future registrations of dicamba herbicides, and the Environmental Protection Agency is reviewing whether or not to allow for its use in 2021. Earlier this month, a report from environmental groups stated, “EPA should not renew dicamba product registrations,” until further research shows dicamba formulations will not harm off-target plants.

Appeals court rejects Dicamba rehearing request

PHOTO COURTESY OF THE IOWA GOVERNOR’S OFFICE

The Iowa Department of Agriculture says there are approximately 14 million acres of insured crops potentially damaged by the derecho storm a week ago. This includes 8.2 million acres of corn and 5.6 million acres of soybeans that may have been impacted by the storm. 

The storm destroyed several grain bins. Iowa Secretary of Agriculture Mike Naig adds, “the state has lost tens of millions of bushels of grain storage just a few weeks before harvest begins.” 

Scouts on the Pro Farmer Midwestern Crop Tour will report on some of the damages this week. Iowa Governor Kim Reynolds requested near $4 billion in federal aid to assist farmers in a letter to President Donald Trump over the weekend. 

The President on Monday signed an emergency declaration for Iowa.&nbsp;&nbsp;The storm impacted nearly 37.7 million acres of farmland across the Midwest, with Iowa appearing to take the brunt of the storm.

PHOTO COURTESY OF THE IOWA GOVERNOR’S OFFICEThe Iowa Department of Agriculture says there are approximately 14 million acres of insured crops potentially damaged by the derecho storm a week ago. This includes 8.2 million acres of corn and 5.6 million acres of soybeans that may have been impacted by the storm. The storm destroyed several grain bins. Iowa Secretary of Agriculture Mike Naig adds, “the state has lost tens of millions of bushels of grain storage just a few weeks before harvest begins.” Scouts on the Pro Farmer Midwestern Crop Tour will report on some of the damages this week. Iowa Governor Kim Reynolds requested near $4 billion in federal aid to assist farmers in a letter to President Donald Trump over the weekend. The President on Monday signed an emergency declaration for Iowa.&nbsp;&nbsp;The storm impacted nearly 37.7 million acres of farmland across the Midwest, with Iowa appearing to take the brunt of the storm.

Iowa storm damage estimates

The U.S. and China have postponed a review of the Phase One trade deal as China continues to buy large amounts of U.S. farm commodities. The two sides were set to meet over the weekend, but the delay allows China more time to buy U.S. crops. 

However, the postponement arose over scheduling conflicts, according to Reuters. Saturday marked the six-month anniversary of the trade pact entering into force. 

President Donald Trump told reporters last week that the trade deal was "doing very well," without adding specifics. Recently, China has ramped up purchases, including a record purchase of sorghum last week of 32 million bushels. That sale topped the previous record set in 2014 of 23 million bushels purchased in one week. 

Further, the Department of Agriculture reports China purchased 126,000 metric tons of soybeans last week. However, trade experts say China is still behind the pace needed to meet levels of commodity purchases promised in the trade deal.

The U.S. and China have postponed a review of the Phase One trade deal as China continues to buy large amounts of U.S. farm commodities. The two sides were set to meet over the weekend, but the delay allows China more time to buy U.S. crops. However, the postponement arose over scheduling conflicts, according to Reuters. Saturday marked the six-month anniversary of the trade pact entering into force. President Donald Trump told reporters last week that the trade deal was "doing very well," without adding specifics. Recently, China has ramped up purchases, including a record purchase of sorghum last week of 32 million bushels. That sale topped the previous record set in 2014 of 23 million bushels purchased in one week. Further, the Department of Agriculture reports China purchased 126,000 metric tons of soybeans last week. However, trade experts say China is still behind the pace needed to meet levels of commodity purchases promised in the trade deal.

U.S., China, postpone trade deal review

The effects of COVID-19 continue to put pressure on the agricultural economy and weighed down farm finances in the Kansas City Fed’s Tenth District. Farm income declined in the second quarter of 2020 at its quickest pace since 2016, due in large part to weak market conditions for key agricultural commodities. 

Weakness in both farm income and borrower liquidity was expected to carry into the coming months. Agricultural credit conditions remained weak overall, but still relatively stable. The decrease in liquidity was consistent across all states, with a comparably higher share of banks in Nebraska reporting reduced short-term funds among borrowers. 

Looking ahead, bankers expect farm borrowers to have greater difficulty repaying loans. Some of the current stability in credit conditions may be attributed to government programs that provided revenue support and additional financing options for borrowers. 

Even before COVID-19, the USDA was already forecasting additional declines in working capital for the U.S. farm sector in 2020. Concern about drought is placing additional pressure on the western part of the Kansas City Fed’s District. A bigger share of bankers in the west expect farmers to have trouble paying back loans in the months ahead.

The effects of COVID-19 continue to put pressure on the agricultural economy and weighed down farm finances in the Kansas City Fed’s Tenth District. Farm income declined in the second quarter of 2020 at its quickest pace since 2016, due in large part to weak market conditions for key agricultural commodities. Weakness in both farm income and borrower liquidity was expected to carry into the coming months. Agricultural credit conditions remained weak overall, but still relatively stable. The decrease in liquidity was consistent across all states, with a comparably higher share of banks in Nebraska reporting reduced short-term funds among borrowers. Looking ahead, bankers expect farm borrowers to have greater difficulty repaying loans. Some of the current stability in credit conditions may be attributed to government programs that provided revenue support and additional financing options for borrowers. Even before COVID-19, the USDA was already forecasting additional declines in working capital for the U.S. farm sector in 2020. Concern about drought is placing additional pressure on the western part of the Kansas City Fed’s District. A bigger share of bankers in the west expect farmers to have trouble paying back loans in the months ahead.

COVID-19 continues pressure on farm finances in the second quarter

The USDA’s Foreign Agricultural Service published data showing that the U.S. recently sold a record amount of sorghum. The sale of 32 million bushels topped the previous record week of 23 million bushels that was set in December of 2014. 

“U.S. sorghum farmers should be encouraged by these continued sales to China,” says National Sorghum Producers and Sorghum Checkoff CEO Tim Lust. 

“We are making improvements to our crop not only from a yield and technology standpoint but also through quality measures that are translating directly to international buyers and noticeably-improved basis numbers across the country.” 

USDA says current marketing year sales totaled more than 286,000 metric tons, with 527,500 metric tons sold for the coming 2020-2021 marketing year. The recent one-week sale of 32 million bushels totaled about nine percent of total U.S. sorghum production this year. 

“The sales commitments are profound, and like any other high-demand situation, we expect to see basis increases enhance sorghum acres next year,” says Sorghum Checkoff Executive Director Florentino Lopez. 

While they’re working to enhance sales in China, the checkoff is also continuing to build future overseas markets in Vietnam, Kenya, and India.

The USDA’s Foreign Agricultural Service published data showing that the U.S. recently sold a record amount of sorghum. The sale of 32 million bushels topped the previous record week of 23 million bushels that was set in December of 2014. “U.S. sorghum farmers should be encouraged by these continued sales to China,” says National Sorghum Producers and Sorghum Checkoff CEO Tim Lust. “We are making improvements to our crop not only from a yield and technology standpoint but also through quality measures that are translating directly to international buyers and noticeably-improved basis numbers across the country.” USDA says current marketing year sales totaled more than 286,000 metric tons, with 527,500 metric tons sold for the coming 2020-2021 marketing year. The recent one-week sale of 32 million bushels totaled about nine percent of total U.S. sorghum production this year. “The sales commitments are profound, and like any other high-demand situation, we expect to see basis increases enhance sorghum acres next year,” says Sorghum Checkoff Executive Director Florentino Lopez. While they’re working to enhance sales in China, the checkoff is also continuing to build future overseas markets in Vietnam, Kenya, and India.

China buys record amount of U.S. sorghum

Scouts are on the Pro Farmer Crop Tour trail this week to get a look at corn and soybean crops in the Midwest. They’ll also get a look at crop damages from the derecho&nbsp; storm a week ago. 

The violent thunderstorms traveled over 700 miles from Nebraska to Indiana. The storm was so powerful, as of last Thursday, more than 300,000 people hadn’t had power restored in northern Illinois and Iowa, which was the hardest-hit state. 

The Washington Post says the 70 mile-per-hour winds hit more than 10 million acres of corn and soybeans in Iowa, adding more difficulty to an already challenging year for farmers. 

Up to 43 percent of the state’s corn and soybean crop suffered some level of damage from the storms, a big blow to the $10 billion agriculture industry that anchors Iowa’s economy. The damage was so extensive that it was even visible on weather satellites that were used to track the storm. 

Meteorologist Steven Bowen said on Twitter that “This has all the makings of a billion-dollar impact on agriculture in Iowa and Illinois. With that said, it will take some time for farmers to determine how much of the downed crops are salvageable for harvest.”

Scouts are on the Pro Farmer Crop Tour trail this week to get a look at corn and soybean crops in the Midwest. They’ll also get a look at crop damages from the derecho&nbsp; storm a week ago. The violent thunderstorms traveled over 700 miles from Nebraska to Indiana. The storm was so powerful, as of last Thursday, more than 300,000 people hadn’t had power restored in northern Illinois and Iowa, which was the hardest-hit state. The Washington Post says the 70 mile-per-hour winds hit more than 10 million acres of corn and soybeans in Iowa, adding more difficulty to an already challenging year for farmers. Up to 43 percent of the state’s corn and soybean crop suffered some level of damage from the storms, a big blow to the $10 billion agriculture industry that anchors Iowa’s economy. The damage was so extensive that it was even visible on weather satellites that were used to track the storm. Meteorologist Steven Bowen said on Twitter that “This has all the makings of a billion-dollar impact on agriculture in Iowa and Illinois. With that said, it will take some time for farmers to determine how much of the downed crops are salvageable for harvest.”

Storm damage estimates in the Midwest still climbing

The U.S. Hemp Growers Association is happy to announce it will be involved in Farm Journal Field Days. The U.S. hemp industry is continuing to grow and advance, so they’ll be offering opportunities for farmers and hemp businesses to advance knowledge and contacts in hemp and provide resources for hemp growers. 

The USHGA is a nonprofit group dedicated to providing resources to farmers about the best agricultural practices for growing hemp, as well as information about the regulatory and legislative developments they need to know about. 

The group is also an information network for policymakers, researchers, and other industry stakeholders. “The U.S. Hemp Growers Association is excited to exhibit at Farm Journal Field Days,” says Caren Wilcox, the executive director of the association. 

“We believe events like this unite farmers nationwide and bring us closer to our mission of education and outreach.” Wilcox will give a policy update and Michael Bowman, Chair of the USHGA, will speak to attendees about the organization. Hemp growers will also be available at the booth.

The U.S. Hemp Growers Association is happy to announce it will be involved in Farm Journal Field Days. The U.S. hemp industry is continuing to grow and advance, so they’ll be offering opportunities for farmers and hemp businesses to advance knowledge and contacts in hemp and provide resources for hemp growers. The USHGA is a nonprofit group dedicated to providing resources to farmers about the best agricultural practices for growing hemp, as well as information about the regulatory and legislative developments they need to know about. The group is also an information network for policymakers, researchers, and other industry stakeholders. “The U.S. Hemp Growers Association is excited to exhibit at Farm Journal Field Days,” says Caren Wilcox, the executive director of the association. “We believe events like this unite farmers nationwide and bring us closer to our mission of education and outreach.” Wilcox will give a policy update and Michael Bowman, Chair of the USHGA, will speak to attendees about the organization. Hemp growers will also be available at the booth.

U.S. hemp growers association will be at Farm Journal field days

Massive oil refineries in the western United States are making an unexpected transition. They’re being converted into biofuel plants. 

Phillips 66 recently announced it will convert a California oil refinery into a biofuel plant as gas continues to lose some luster to fuels that come from agricultural and waste products. 

The company’s 120,000 barrel-a-day refinery near San Francisco will become the world’s biggest renewable diesel plant. Before that, fuel giant Marathon Petroleum Corporation announced it may be converting two refineries into renewable diesel plants. 

Back in June, Holly Frontier Corporation said it’s turning their Cheyenne, Wyoming refinery into a renewable diesel plant by 2022. Bloomberg says refiners are struggling with depressed demand and an uncertain future because of COVID-19. 

However, California may offer a pathway to staying in business because the demand for renewable diesel is surging throughout the state. 

An industry expert tells Bloomberg that there is “overcapacity” in the refining market. The basic question before refiners now is whether they shut down their plants or will they instead repurpose their operations? 

Nick Weinberg-Lynn of Phillips 66 says, “The California market for the renewable diesel product is the largest in the world.” Phillips will invest $700 million to $800 million in the conversion process.

Massive oil refineries in the western United States are making an unexpected transition. They’re being converted into biofuel plants. Phillips 66 recently announced it will convert a California oil refinery into a biofuel plant as gas continues to lose some luster to fuels that come from agricultural and waste products. The company’s 120,000 barrel-a-day refinery near San Francisco will become the world’s biggest renewable diesel plant. Before that, fuel giant Marathon Petroleum Corporation announced it may be converting two refineries into renewable diesel plants. Back in June, Holly Frontier Corporation said it’s turning their Cheyenne, Wyoming refinery into a renewable diesel plant by 2022. Bloomberg says refiners are struggling with depressed demand and an uncertain future because of COVID-19. However, California may offer a pathway to staying in business because the demand for renewable diesel is surging throughout the state. An industry expert tells Bloomberg that there is “overcapacity” in the refining market. The basic question before refiners now is whether they shut down their plants or will they instead repurpose their operations? Nick Weinberg-Lynn of Phillips 66 says, “The California market for the renewable diesel product is the largest in the world.” Phillips will invest $700 million to $800 million in the conversion process.

Western oil refineries are converting into biofuel plants

After months of steady increases, the prices consumers pay for their groceries dropped in July. The monthly Consumer Price Index says that was the first decline in the price of food since April of 2019. 

However, the decrease was less than half a percent and Americans are still paying more for food than they did in 2019. Prices in the last 12 months have risen 4.1 percent. COVID-19 forcing Americans to stay at home and cook more of their meals has driven up demand and prices at supermarkets. 

Prices for food that Americans typically eat at home is up almost five percent over the past year. The Detroit Free Press says meat, poultry, eggs, dairy products, and cereals showed some of the sharpest increases seen in decades through April, May, and June. 

However, prices for those same products fell 3.8 percent in July. Beef prices dropped the most in July at 8.2 percent. Back in April, beef prices had soared over 10 percent, with cuts like beef roasts increasing 20 percent. 

While prices for specific cuts dropped in July, those prices are still 14 percent higher than last year. Dairy prices dropped 0.8 percent in July, the second-straight month of a decline.

After months of steady increases, the prices consumers pay for their groceries dropped in July. The monthly Consumer Price Index says that was the first decline in the price of food since April of 2019. However, the decrease was less than half a percent and Americans are still paying more for food than they did in 2019. Prices in the last 12 months have risen 4.1 percent. COVID-19 forcing Americans to stay at home and cook more of their meals has driven up demand and prices at supermarkets. Prices for food that Americans typically eat at home is up almost five percent over the past year. The Detroit Free Press says meat, poultry, eggs, dairy products, and cereals showed some of the sharpest increases seen in decades through April, May, and June. However, prices for those same products fell 3.8 percent in July. Beef prices dropped the most in July at 8.2 percent. Back in April, beef prices had soared over 10 percent, with cuts like beef roasts increasing 20 percent. While prices for specific cuts dropped in July, those prices are still 14 percent higher than last year. Dairy prices dropped 0.8 percent in July, the second-straight month of a decline.

Food prices decline in July

The White House’s top economic adviser Larry Kudlow says the U.S. and China trade deal is in “fine shape.” He notes that China is continuing to buy U.S. goods, particularly commodities, under the Phase One trade deal with the U.S. Reuters says the purchases are happening despite tensions over Hong Kong and other issues between the two nations.

 Kudlow denied that deteriorating ties between the two countries on other issues would lead to the trade deal being scrapped. “The one area we are engaged in is trade,” he said to reporters at the White House. “it’s fine right now.” Top U.S. and Chinese officials will meet for a “routine” video conference on Saturday to assess the implementation of the Phase One agreement six months into its existence. 

The deal diffused a trade war that impacted both of the nations as well as the global economy. Kudlow, Director of the White House National Economic Council, says, “The evidence shows they’ve stepped up purchases substantially.” Despite what Kudlow says are “really good numbers,” China remains far short of its overall purchasing target for 2020. 

The U.S. exported $7.2 billion in agricultural goods to China in the first half of 2020, far below the $36.5 billion they agreed to under the trade deal.

The White House’s top economic adviser Larry Kudlow says the U.S. and China trade deal is in “fine shape.” He notes that China is continuing to buy U.S. goods, particularly commodities, under the Phase One trade deal with the U.S. Reuters says the purchases are happening despite tensions over Hong Kong and other issues between the two nations. Kudlow denied that deteriorating ties between the two countries on other issues would lead to the trade deal being scrapped. “The one area we are engaged in is trade,” he said to reporters at the White House. “it’s fine right now.” Top U.S. and Chinese officials will meet for a “routine” video conference on Saturday to assess the implementation of the Phase One agreement six months into its existence. The deal diffused a trade war that impacted both of the nations as well as the global economy. Kudlow, Director of the White House National Economic Council, says, “The evidence shows they’ve stepped up purchases substantially.” Despite what Kudlow says are “really good numbers,” China remains far short of its overall purchasing target for 2020. The U.S. exported $7.2 billion in agricultural goods to China in the first half of 2020, far below the $36.5 billion they agreed to under the trade deal.

Kudlow: U.S.-China trade deal in “fine shape”

Senate Minority Leader Chuck Schumer rarely gets involved in agricultural issues. However, the Hagstrom Report says he asked Ag Secretary Sonny Perdue to delay issuing a U.S. Domestic Hemp Production final rule until 2022. 

That move would allow hemp growers and producers in his home state of New York and across the country to continue to operate under the 2014 Farm Bill Pilot Program until that time. 

Schumer notes that COVID-19 is a solid reason for the delay. He also knows about some criticism for the interim final rule and says a delay “will allow USDA to address some of the more pressing regulatory critiques while giving states and producers additional time to come into compliance.” 

Allan Gandleman is President of the New York Cannabis Growers and Processors Association. He says the more than 700 registered hemp farmers in Schumer’s home state of New York would be negatively affected by USDA’s interim final rule on hemp.

Senate Minority Leader Chuck Schumer rarely gets involved in agricultural issues. However, the Hagstrom Report says he asked Ag Secretary Sonny Perdue to delay issuing a U.S. Domestic Hemp Production final rule until 2022. That move would allow hemp growers and producers in his home state of New York and across the country to continue to operate under the 2014 Farm Bill Pilot Program until that time. Schumer notes that COVID-19 is a solid reason for the delay. He also knows about some criticism for the interim final rule and says a delay “will allow USDA to address some of the more pressing regulatory critiques while giving states and producers additional time to come into compliance.” Allan Gandleman is President of the New York Cannabis Growers and Processors Association. He says the more than 700 registered hemp farmers in Schumer’s home state of New York would be negatively affected by USDA’s interim final rule on hemp.

Schumer asks Perdue to delay hemp regulations

U.S. farmers are expected to harvest a lot of corn and soybeans this year. The August World Ag Supply and Demand Estimates report says corn production is forecast at a record-high of 15.3 billion bushels, up 278 million from last month. The season’s first survey-based corn yield forecast is at a record 181.8 bushels per acre, up 3.3 bushels from last month’s trend-based projection. 

Corn ending stocks rose more than 100 million bushels to 2.76 billion. The season-average corn price dropped 25 cents to $3.10 a bushel. The soybean production forecast is 4.42 billion bushels, up 290 million bushels on expected higher yields. The yield forecast is at a record 53.3 bushels per acre, up 3.5 bushels from last month. 

Soybean ending stocks rose 185 million bushels higher from last month to 610 million bushels in the August report. The season-average soybean price is forecast at $8.35 a bushel, 15 cents lower than in July. U.S. wheat production jumped 14 million bushels to 1.84 billion. Wheat ending stocks dropped by 17 million bushels to 925 million, and if realized, that would be the lowest ending stocks in six years. 

The U.S. season-average farm price dropped by a dime to $4.50 a bushel. The first cotton production forecast of the year is 18.1 million bales, nine percent lower than last year. Yield is expected to be a record high of 928 pounds per acre.

U.S. farmers are expected to harvest a lot of corn and soybeans this year. The August World Ag Supply and Demand Estimates report says corn production is forecast at a record-high of 15.3 billion bushels, up 278 million from last month. The season’s first survey-based corn yield forecast is at a record 181.8 bushels per acre, up 3.3 bushels from last month’s trend-based projection. Corn ending stocks rose more than 100 million bushels to 2.76 billion. The season-average corn price dropped 25 cents to $3.10 a bushel. The soybean production forecast is 4.42 billion bushels, up 290 million bushels on expected higher yields. The yield forecast is at a record 53.3 bushels per acre, up 3.5 bushels from last month. Soybean ending stocks rose 185 million bushels higher from last month to 610 million bushels in the August report. The season-average soybean price is forecast at $8.35 a bushel, 15 cents lower than in July. U.S. wheat production jumped 14 million bushels to 1.84 billion. Wheat ending stocks dropped by 17 million bushels to 925 million, and if realized, that would be the lowest ending stocks in six years. The U.S. season-average farm price dropped by a dime to $4.50 a bushel. The first cotton production forecast of the year is 18.1 million bales, nine percent lower than last year. Yield is expected to be a record high of 928 pounds per acre.