Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 1/2/19

The ongoing partial government shutdown halted the release of many key USDA reports.  If the USDA releases the reports as scheduled on January 11, they hold implications for forming expectations on corn and soybean prices in 2019.   The final estimates of the size of the 2018 corn and soybean crop, winter wheat seedings, and the December 1 corn stock estimate provide critical information impacting current marketing year supply and demand estimates and acreage allotments in 2019. A general expectation for 2018 corn and soybean production moving lower in the January production report is based off decreasing yields in the later part of the year.  Poor harvest conditions look to impact both yield and acreage.  

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