The US Department of Agriculture recently issued its estimates for the US corn, soybean and wheat crops for this year. The latest forecasts are down slightly from previous estimates, but still look fairly good compared to recent years.
Corn
Total production of 15.1 billion bushels. This is up from 13.7 billion bushels last year.
Chart here.
Soybeans
Production of 4.21 billion bushels. This down slightly from last year.
Chart here.
Wheat
Production of 1.73 billion bushels, up slightly from last year.
Chart here.
There are still a few months to go in the growing season, so the final totals will likely change a little before the harvest in the fall. Winter wheat has already been harvested. Overall, things look pretty good for these three main grain crops.
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Commence crying from farmers that, due to rich harvests, they will not get as high a price as they would like.
Steve
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Anecdote warning! 
In my region of Missouri Farm experience, the corn is short, the ears are few and the rain has been sparse.
It’s picking up some, but will likely not help anything but the fall beans.
This is the first year I can remember that none of the corn fields are tasseled out above my shoulder (Unless they are intensely irrigated)
Soybeans are more than 1 month behind, Wheat, similar.
For these farmers, they are already crying. When combined with the numbers above, I expect there will be little to celebrate come thanksgiving.
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Missouri is part of the South experiencing drought. Most of MN is in extreme drought, so no way to tell how crops will turn out until very shortly before harvest.
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