Corn Futures Higher After USDA Trims U.S. Crop Forecast

Corn Futures Higher After USDA Trims U.S. Crop Forecast

Soybeans lower as USDA raises crop estimate. (Audio report)

Corn futures were trading higher near midday after USDA, in a surprise move, trimmed its forecast for this year’s U.S. corn crop to 14.41 billion bushels. Analysts on average, including Farm Futures, expected a larger number. USDA raised its soybean forecast to 3.96 billion bushels, which was about as expected.

You can listen to Burgdorfer's mid-day report using the audio player below.

Soybeans lower as USDA raises crop estimate.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: USDA
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