WASDE Report Moves Closer to Pro Farmer Numbers

The WASDE corn yield fell to 178.5 bushels per acre, down 2.2 from August, while the soybean yield edged higher. Lane Dungan, Market Strategist at RJO Futures, describes the corn adjustment as more of a backtrack toward the Pro Farmer crop tour figure, an estimate the trade had already been working with before the World Agricultural Supply and Demand Estimates landed. View his full report in the related video.