Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 11/27/17


Corn and soybean prices have weathered the USDA's November Crop Production report that contained larger forecasts of the size of the 2017 harvest, relative to market expectations, for both crops. Considerable speculation will occur over the next few months about the acreage decisions farmers will make in 2018. Current market conditions appear to support moderate soybean and corn acreage expansion in 2018.

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