Good morning,
Markets are weaker this morning with corn down 6 and soybeans down 9 as we await the USDA report at 11am. Trade estimates are listed below.
USDA 2021 Yield (bu/acre)
| USDA Oct | Average Estimate | USDA September | |
| Corn | 176.5 | 176.0 | 176.3 |
| Soybeans | 51.5 | 51.1 | 50.6 |
USDA 2021 Production (billion bushel)
| USDA Oct | Average Estimate | USDA September | |
| Corn | 15.019 | 14.973 | 14.996 |
| Soybeans | 4.448 | 4.415 | 4.374 |
USDA 2021/22 Carryout (billion bushels)
| USDA Oct | Average Estimate | USDA September | |
| Corn | 1.500 | 1.432 | 1.408 |
| Soybeans | .320 | .300 | .185 |
In addition to this report at 11, we will have export inspections and harvest progress released today.
Have a Safe Day!
Garry Gard
920-348-6844
