USDA Crop Report 9/12/23

Crop report neutral soybeans to slightly negative to corn expectations with corn acreage being increased to 800k acres, producing a production estimate of 90 mil bushel higher than average guess. Soybean acreage was modestly increased with yield at the estimate creating production near expectations. With yields lowered again for the second month in a row this indicates a lower yield again in Oct when seed size and weight will be taken into account. World ending stocks friendly to wheat.