Oct 10th USDA Report Summary

My comment is that this is report where everyone knew what was going to happen.

USDA pegged corn yield at 174.2, up from 171.7 in September.  Soybean yield up to 47.1 bu from 46.6


All in all a big crop.  That, said, the markets have been positive before and following.


That said – harvested acres for both corn and soybeans were projected lower by 700,000 acres for corn and 300,000 acres for beans.

And – soybean inventories are still going to decrease despite the record yield.


The only factor outside the USDA report not factored in is outside markets – how much of an impact on the commodity market does a sinking Dow Jones index have?  Hard to tell.