Wollwerth Imagery | BigStock.com
Corn and soybean prices fell early this week, a sign that traders are more focused on crop progress than on threats by U.S. President Donald Trump to impose another round of double-digit tariffs on key U.S. trade partners.
Monday's crop progress report from the U.S. Department of Agriculture (USDA) revealed that corn and soybean crops are doing unusually well this year, outpacing all but two of the past 10 years. That suggests this year's production could exceed the yields published in Friday's World Agricultural Supply and Demand Estimates, according to Bob Maltsbarger, a senior research economist at the Food and Agricultural Policy Research Institute at the University of Missouri.
