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Friday's October USDA crop production and WASDE reports held few surprises with both corn and soybeans showing record yields, as expected, along with a record soybean production to boot. Wheat markets also slid lower despite lower-than-expected production and ending stocks estimates.
Earlier this week, it appeared the Tampa area would take a direct hit from Hurricane Milton. The area is home to several phosphorus production facilities which supply the fertilizer industry. The Category 3 hurricane came ashore further south, sparing these plants from a direct hit.
Hurricane Helene hit Florida's dairy industry hard, causing loss of livestock, buildings, feed and crops. Cleanup continues in an area that has been hit by more than one storm within a year.