Source: John Herath, AGWEB, 9/11/20


USDA lowered its overall corn crop production projection by 2% and the soybean projection by 3% in Friday’s Crop Production Report, but the outlook for corn is still a record-high 178.5 bu. per acre national estimate. Traders were watching for signs of whether USDA’s National Agricultural Statistics Service (NASS) would account for damage from the Aug. 10 derecho and ongoing Iowa  drought in the September report and a reflection of Chinese purchases of U.S. corn in the World Agriculture Supply and Demand Estimate (WASDE).

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