The debate over whether or not the Eastern Corn Belt can offset drought damage in the West continues. Utterback Marketing President Bob Utterback will be watching Thursday’s USDA supply/demand report and next week’s Pro Farmer Crop Tour closely. “There’s bears and bulls on both sides pulling. I don’t think the crop is as good as people wants it to be, but not bad. Corn yield may be down a little, but not fantastic.” Utterback expects corn and soybeans to move lower into harvest even if there is bullish news. “The last report we had through the USDA suggest the soybean yields getting better and corn yields getting worse, which was a surprise to the trade.”
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