The latest round of USDA updates to its World Agricultural Supply and Demand Estimates and Crop Production reports were released on Oct. 10. On the production side, pre-trade estimates had indicated little movement was expected. The October estimates from USDA showed increased corn and soybean production of 1 to 2 percent. The corn increase was driven by an increase in yields, up 1.7 bushels to 154 bushels per acre national average. The soybean increase was driven by a jump in acreage, with harvested area increasing by 2.15 million acres.
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