USDA September Outlook Reports: What do the numbers mean?

USDA’s latest forecast puts U.S. corn and soybean production at record levels for 2016. What will that mean for corn and soybean farmers and what will other parts of the USDA September Production and Supply and Demand numbers mean for growers of those crops?

Dr. Bobby Coats, professor of economics in the Department of Agricultural Economics and Agribusiness at the University of Arkansas System Division of Agriculture, put together the following slide presentation to help producers get a better feel for the commodity price outlook in 2016 and 2017.