As expected, USDA lowered yields in its crop production report. Corn yields are expected to average 175.1 bushels per acre, down nearly two-and-a-half bushels from the July report. The soybean yield is forecast at 50.9 bushels per acre, down just over a bushel from the last report. Corn production is projected to total 15.1 billion bushels; soybeans are at 4.2 billion. Both numbers are within trade expectations.
