Post-Report HOT TAKE
November 9
Corn
The market got a surprise on corn today as USDA increased yield nearly 2 bushels per acre to 174.9 - substantially higher than the average pre-report estimate of 173.2.
The largest month-on-month (percentage) increases were in the Dakotas, Missouri and Wisconsin.
Seven states have record-high yields in 2023 - all in the eastern half of the US.
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