Bumper U.S. crops this fall will drive farm-gate prices lower, says USDA
Farmers will reap their largest soybean crop ever this year, and the third-largest corn crop, said the Agriculture Department on Monday in its first forecast of the fall harvest. The mammoth crops will outpace demand and drive down prices, it said. Corn and soybean inventories would balloon to the largest size in six years and weigh on commodity markets far into 2025.