USDA’s September crop report was issued one week ago, and the markets overall gave us a positive response.

This year 2022 when we look at a chart showing the monthly crop report, USDA lowered their yield from 175.6 to 172.5.

That’s a 2.9-bushel per acre reduction in the September report.

Overall, the report viewed as bullish as it appears the US crop is getting smaller.

The market believes we could drop a little bit further come October.