"Yields coming in above expectations are the feature for both corn and beans," Dan Cekander of DC Analysis said, "That's putting us under pressure. We're going to go back to watching the weather, but this will give the market more cushion on supply."
USDA pegged corn production at 14.153 billion bushels, based on an average yield of 169.5 bushels per acre (bpa). Those figures, if realized, would both be the third biggest ever. In July, USDA forecast a corn harvest of 14.255 billion bushels and a yield of 170.7 bpa.