Corn and Soybean Markets Await USDA’s September Crop Estimates

Corn and soybean producers are turning their attention to USDA’s September World Agricultural Supply and Demand Estimates as questions increase about the size of this year’s crops. The September WASDE report is scheduled for Friday, Sept. 11. Agriculture.com reports traders will be watching closely for changes to USDA’s corn and soybean yield estimates after the August report lowered old-crop corn carryout by 75 million bushels and soybean stocks by 5 million bushels. Private estimates have increased expectations that USDA could lower its corn outlook. Recent crop assessments have pointed toward weaker yield potential in portions of the Corn Belt, while soybean prospects remain uncertain. The report arrives as harvest approaches and farmers contend with tight margins and elevated production expenses. Even relatively small adjustments to yield or ending-stock projections could influence fall grain prices and producer marketing decisions.