Pro Farmer
Corn and soybeans had an indecisive tone in overnight trade, seeing action on either side of unchanged.
Corn, soybeans and wheat each saw followthrough selling pressure overnight.
U.S. government shutdown prompts some risk aversion
USDA’s harvested acres estimate drove 62% of the production increase
Markets remain under pressure amid higher than expected corn stocks.
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.