According to Van Ahn and Company CEO Jim Emter, the biggest numbers from the August USDA report include planted and harvested acres and yield for corn and soybeans. Corn yield is estimated 3.5 bushels higher than last month’s projection, and the U.S. soybean yield is unchanged from last month. At the end of the day, Emter says if the acres had been reduced, the market would have been more accepting. “There is some demand destruction, but otherwise, we have a lot of unanswered questions moving forward.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.