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.
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.
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