The markets got some surprises from Thursday’s round of USDA crop production reports. Gary Crawford has the details.
Corn, Soybean Production Up in 2016
USDA Reports Winter Wheat Seedings and Grain Stocks also reported Ample rain and moderate temperatures across the Nation’s mid-section led to record-high yield and production for corn and soybeans, both key U.S. crops, in 2016, according to the Crop Production 2016 Summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).