Large U.S. corn, soybean production confirmed

Prices have remained well above 2006-07 levels despite large inventories.

The U.S. Department of Agriculture released Sept. 12 the latest “Crop Production” and “World Agricultural Supply & Demands Estimate” reports.

According to University of Illinois agriculture economist Darrel Good, market participants were mostly anticipating new forecasts of the size of the 2016 U.S. corn and soybean crops and the implications for the level of stocks at the end of the marketing year that started on Sept. 1. However, given the current environment of low crop pric

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