The World Agricultural Supply and Demand Estimate lowered projected corn yield projections by more than a bushel per acre while raising ending stocks estimates on lowered demand for ethanol. Soybeans, meanwhile, saw a drop in both production and ending stocks.
How are the markets reacting? Watch live as AgDay's Clinton Griffiths gets analysis from Brian Splitt of AgMarket.net.
Watch a replay of the live stream in the player below.