Monday, September 20, 2010

Commodity Price Update

Corn, soybeans, and wheat prices continue to be volatile due to market uncertainty. The most unknown factor is the size of this year’s crop. The USDA has helped paint some of the picture by reducing the U.S. corn crop by more than 200 million bushels between August and September to 13.1 billion bushels. For soybeans the U.S. crop was increased by 50 million bushels between August and September