The FC Stone and Informa October estimates compare to Sep estimates are bearish for grain prices.
Corn production(Million Bu.) Bu./Acre
USDA (Sept) 12,954 161.9
Fc stone (Oct) 13,064 163.3
Fc Stone (Sept) 13,020 162.7
Informa (Oct) 13,127 164.7
Informa (Sept) 13,010 162.6
Soybean
USDA (Sept) 3,245 42.3
Fc stone (Oct) 3,329 43.4
Fc Stone (Sept) 3,266 42.6
Informa (Oct) 3,383 44.0
Informa (Sept) 3,305 43.1
comment: No crop damage from frost. Weather premium turn to harvest pressure. Soybean price decline which technical support price for next week is 853-860 cent.
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