USDA’s New Projections for Corn, Soybeans, Cotton and Oranges

Dan Citrus, Corn, Cotton, Crop Forecasts, Soybeans

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    A farmer combines a field of soybeans
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According to the U.S. Department of Agriculture’s (USDA’s) October crop estimate, both corn and soybean production is up from the September estimate. But a story from Gary Crawford notes it is a different story for cotton.

USDA’s New Projections for Corn, Soybeans, Cotton and Oranges

According to USDA, the U.S. season-average corn price received by producers is unchanged at $5.45 per bushel. The season-average soybean price for 2021/22 is forecast at $12.35 per bushel, down 55 cents reflecting larger supplies.