Hang onto your hats! Record highs in silver and plunging crude oil futures have created a unique and rare phenomena that typically coincides with market distress.
USDA lowered the national corn yield for the 2025-26 crop to 186.0 bu. per acre, down from 186.7 in Sept. The soybean yield was lowered 0.5 bu. to 53.0 bu. per acre.
USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.
