Record Global Soybean, Wheat Crops Expected As Rice, Corn Yields Stay Flat

The 2014-2015 season's soybean and wheat crops are on track to set records, while rice and corn look poised to be more in line with last season's record crops. Soybean production is expected to hit 310 million tons, about 10 percent higher than last year's output, according to the International Grains Council's September Grain Market Report released Thursday. That increase is expected to continue as new soy plantings boost yields in parts of Brazil and Argentina.