10/08/2025 What USDA Might Have Estimated in October Reports

10/08/2025 Click Above to Watch the Morning Market Talk Video What USDA Might Have Estimated in October Reports On the Grains Soybeans are mildly favoring the upside early this morning after trading lower at the start of the overnight session. Corn and wheat are modestly lower. USDA’s Crop Production and WASDE Reports originally scheduled for Thursday have been suspended due to the government shutdown. Those reports will likely be canceled if the shutdown doesn’t end very soon. Markets are relying on private crop estimates for direction. Following are analysts’ pre-report estimates for what would have been USDA’s Thursday data release. My October estimates: 185.2 bu. per acre and 16.677 billion bu. for corn; 53.0 bu. per acre and 4.257 billion bu. for soybeans. The U.S. government shutdown entered its eighth day, with no signs that a temporary spending measure deal is close. No negotiations on the spending impasse appear to be underway. Instead, Senate Republicans continue to vote on the House-passed measure and Democrats refuse to budge. So… the shutdown grinds on. In the latest development, more than 250,000 federal employees didn’t receive their scheduled paychecks this week. Another two million will go without pay if the impasse extends into…