Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 9/18/17



Given the price reaction, the market remains uncertain about the USDA’s September forecast of 2017 corn and soybean production. November 2017 soybean futures closed at $9.68 on September 15 down seven cents on the day but up from the $9.61 close of a week ago. Despite the increase in corn yield, December corn futures prices stayed in a tight range between $3.53 and $3.55 to close out the week. 

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