Many in the trade are still skeptical that the corn and soybean yields can be as big as the August estimates and pre-report estimates for the September report, and there are two primary reasons why.The key numbers in the USDA reports to be released at 12 P.M. (EDT) on 12 September will of course be the corn and soybean yield estimates followed by the supply and demand revisions. Following are some things to consider:

The WASDE (supply/demand numbers) will incorporate the NASS crop production estimates (there apparently has been some confusion regarding the basis of the former’s numbers). There could be some planted/harvested acreage adjustments within the yield/production estimates, but these will more likely be incorporated in the Octo...