Source: Bob Burgdorfer, FARM FUTURES, 8/10/17


USDA delivered a bearish blow to crop markets on Thursday by forecasting the fall harvests will be larger-than-expected with corn production seen at 14.2 billion bushels and soybeans at 4.38 billion. Those numbers, along with larger-than-expected ending stocks, hit crop futures with corn dropping about 10 cents lower for the day shortly after the report and soybeans 27 cents lower.

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