Source: Ben Potter, FARM FUTURES, 9/12/17


USDA and trade expectations aren’t aligned, after all. Despite an average trade estimate of 168.2 bpa corn yields and 49.1 bpa soybean yields, USDA inched its production and yield forecasts even higher for its September World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports.According to the September reports, corn yields are now estimated at 169.9 bpa, up from its August estimate of 169.5 bpa.

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