NDSU Extension Crops Marketing Economist Frayne Olson isn’t surprised with the overall numbers in the USDA’s September WASDE report. According to USDA, the yield potential in the Eastern Corn Belt will offset the yield reductions seen in the Western Corn Belt. “We’ll actually have the second largest U.S. corn crop on record. As long as yields hold up, we’ll have plenty of corn,” says Olson. “It’s basically the same with soybeans. The Eastern Corn Belt will have a fantastic year.” We still don’t know final yield for the U.S. corn and soybean crops. That means the grain markets will still be focused on the supply story. “Right now as we plan for harvest in the Dakotas, it’s all about making sure farmers have room for the grain coming in.” Olson will join RRFN at the Big Iron Farm Show.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.