USDA Projections

What will the USDA project tomorrow for the US corn and soybean crops? In the last six years, the USDA has come out with a larger corn crop than the pre-report trade estimates in the August report. In five of the last six years, the soybean crop forecast has been larger than the pre-report trade estimates. I am amazed by the huge range in the trade estimates for the Thursday reports.

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