Corn, Soybeans Drop After USDA Increases Production Forecasts

Corn, Soybeans Drop After USDA Increases Production Forecasts

Corn crop estimated at 14.4 billion bu, soybeans at 3.91 billion in USDA's crop report

Corn and soybeans set more contract lows on Thursday after USDA raised its estimates for U.S. corn and soybean production.

The corn harvest is now estimated at 14.4 billion bushels, up from USDA's August number of 14.032 billion, while soybeans are now estimated at 3.91 billion bushels, up from August's 3.82 billion.

Listen to the report using the audio link on this page.

Corn crop estimated at 14.4 billion bu, soybeans at 3.91 billion in USDA's latest report.

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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