The September supply and demand report is being called ‘very neutral.’ Corn ending stocks were slightly higher than trade expectations, but not enough to significantly impact prices. Corn yields nationally are expected to average 183.6 bushels per acre. Soybean yields are forecast to be record high at 53.2 bushels per acre. AgMarket.Net market analyst Tyler Schau expected the big production numbers. “Iowa and Illinois are going to be the big drivers; they got the crop in early. The early yield reports we’re getting from southern Illinois, northern Missouri (and) southern Iowa are some pretty massive for corn and beans at the moment.” Schau was part of the RRFN Market Outlook Forum Thursday at the Big Iron Farm Show.
