The October Crop Production and WASDE reports reflected the lower production estimates report today by USDA. Corn and soybean yields were raised slightly, but lower harvested acres offset and production gains. Both corn and soybean 2015/16 ending stocks were lower as well. Look for updated ProExporter files soon.
The analysis above is not intended as a trade recommendation. The analysis and forecasts are based on available public data and on the best judgment of PRX, but cannot be guaranteed to conform to future reality.
