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

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.