This webinar discusses the implications of the September 1 stocks reports and October Crop Production report on corn supply and demand prospects for the 2019-20 marketing year. A detailed discussion of USDA’s September 30 stocks report will provide a clearer picture of the impact on corn and soybean balance sheets. The webinar will review the USDA’s U.S. corn and soybean yield and production forecasts released on October 10. The production forecasts will be combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2019-20 marketing year will be discussed.