Corn data from the September supply and demand report was more bearish than the trade was expecting.

The average U.S. corn yield is now estimated at 173.8 bushels per acre compared to 175.1 bushels per acre last month. While this was down, the total crop size increased 20 million bushels to 15.13 billion bushels due to increased harvested acres. 

The U.S. Department of Agriculture (USDA) raised its harvested acreage estimate for...