Corn and soybean prices turned red after the USDA released its September Crop Production and World Agricultural Supply and Demand Estimates (WASDE).
The report forecasted a national average corn yield of 169.9 bushel per acre, an increase of 0.4 bushels from the August report. The projected soybean yield increased 0.5 bushels from August to 49.9 in September.
Joe Vaclavik, president of Standard Grain, say if the reports hold close to what the actual yield is, farmers should expect some harvest pressure.
Watch Vaclavik and Jim Bower of Bower Trading on AgDay above.