Corn and Soybean futures react to latest WASDE estimates.
Markets parse the latest World Agricultural Supply and Demand Estimates from the USDA. U.S. corn production reached 15.8 billion bushels, down from last month's 16.01 billion, while corn yields fell 2.2 bushels per acre. Soybean yields saw a slight increase to 52.8 bushels per acre, driving production to 4.535 billion