Watch change in demand, basis

Futures prices have fallen back to mid-June levels, prior to weather concerns that drove prices higher. If you missed the summer rally, marketing corn and soybeans promises to be a challenge. While U.S. corn production this year is estimated by USDA to be the third largest on record at 13.69 billion bushels, soybean production at 3.92 billion bushels is estimated nearly as large as last year’