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Hightower Report said some of the weakness in corn futures is tied to reports of mass poultry deaths in southern Brazil, which may be from Newcastle disease according to Brazil Ag Minister and could affect feed demand. The new NOAA 3-month outlook calls for warmer temperatures across the Midwest starting in August and a dry pattern for the western corn belt and the Plains. Total Farm Marketing said with the friendly overall weather, strong crop ratings, talk in the marketplace is corn yield could be raised going into harvest. Some analyst groups are looking at a potential 183-184 bushels/acres yield, one analyst group posted an extreme number of 189 bushels/acre. Even with reduced harvest acres, a yield jump will add bushels to the potential corn stockpile. According to Interfax, Grain Gates, a Russian grain trader increased their exports by 80% during the 23/24 season to 14.1 mmt. Reportedly they boosted the number of countries they export to. Top destinations include north African countries, Turkey, and Indonesia. Grain Gates was said to be one of the biggest Russian exporters during the first half of the 23/24 season.





