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2025-08-02 00:00:05
[Optimistic outlook for US crop yields as drought impacts ease] The U.S. Drought Monitor reported that drought coverage of farmland nationwide decreased in June and July, with North Dakota and Nebraska alone in the Corn Belt affected by the drought. The USDA projects record crop yields this year. Price Futures Group noted that high temperatures and soil moisture loss in August last year weakened yield potential. Chicago Board of Trade corn, soybean, and wheat futures fell 0.5%, 0.2%, and 0.9%, respectively. (Dow Jones)
