Suderman: Supply And Demand Reality For Corn/Soy

USDA released the October Crop Report this week and it showed a corn crop that is larger than most agricultural interests expected.  Many say USDA was unable to measure this year’s growing crop because it was far later than normal.

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“Not All Hope Is Lost For Corn”

Grain market analysts had big hopes for corn, ahead of Thursday’s release of the October World Agricultural Supply and Demand Estimates report. However, the report’s findings were bearish.

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Iowa Crop Production Forecast Report

Statewide Iowa — Iowa corn production is forecast at 2.52 billion bushels according to the latest USDA, National Agricultural Statistics Service – Crop Production report. Based on conditions as of October 1, yields are expected to average 192 bushels per acre, up 1 bushel from the September 1 forecast, but down 4 bushels per acre from last year. Corn planted acreage is estimated at 13.5 million acres. An estimated 13.1 million of the acres planted will be harvested for grain.

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