The most recent USDA crop report was a blow to farmers in Marion County as it’s led to a fall in corn and soybean prices.
Iowa State Savings Bank Vice President Leslie Miller says the USDA’s listing of a higher-than-expected crop yield for corn came as a total surprise. She says in her travels to eastern Iowa and Illinois heavy rains have had an adverse effect on the corn crop when compared to Marion County.
Miller says it was expected that the USDA would decrease their yield projections. The market has reacted to the report with a $.17 drop in corn prices and $.59 fall in soybeans.
Miller hopes a clearer picture of crop yields will be unveiled once the Pro Farmer Tour completes their sampling through several states next week.


