AgriSompo North America market analyst Sterling Smith says the USDA nailed the September supply and demand report. “You have to give the survey credit here, because the numbers hit really close. I thought the corn yield was right on the money. The soybean yield came out a little bit better than expected. Some of that was offset by smaller soybean acres.” Smith says the harvested corn acres are still a little bit of a question mark with the number of corn acres cut for silage not in this report. “There’s still some mysteries in this report about the corn acres harvested. There’s plenty of potential with trouble seeing stuff not getting harvested. If we lose acres, it can affect overall production.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.