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

The USDA crop production report released last Wednesday led to a drop in corn prices as a record yield forecast surprised the market. The December corn futures price dropped to contract lows by the close on Friday.  While corn consumption continues at a healthy pace, the prospect of a massive corn crop will continue to put pressure on prices.
The USDA September corn production forecast for 2018 came in at 14.827 billion bushels, up 241 million bushels over the August forecast.  

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