USDA releases its first take on 2017 production, supply and demand of major crops, part of its budget process for the coming year. Though the estimates use statistical guesses to figure acreage and yields, they still set something of a starting point for the discussion. While USDA sees less corn and wheat acres and more soybeans, the agency forecasts burdensome supplies to continue.
Bryce Knorr of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.