In USDA’s September Supply and Demand report, U.S. corn production is pegged at 15 billion bushels, up from 14.75 billion in August and slightly more than the average trade guess. USDA raised the corn yield to 176.3 bushels per acre and bumped new crop corn ending stocks to 185 million bushels. USDA raised soybean production to 4.37 billion bushels by bumping yield to 50.6 bushels per acre, bringing new crop ending stocks to 185 million bushels. That’s up 35 million from August, but five million less than trade expectations.
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