According to USDA’s October World Agricultural Supply-Demand report (WASDE), both corn and soybean forecasts have been raised for 2022. 

The report stated corn production is forecast at 15.019 billion bushels, up 23 million on a marginal increase in yield to 176.5 bushels per acre. Corn supplies are forecast up 72 million bushels from September report, on slightly higher production and increased beginning stocks based on the Sept. 30 Grain Stocks report. Exports were also raised…