USDA cut the good + excellent rating for the US soybean crop to 56 on 8/22 compared to 57 the previous week. A 56 rating in late August suggests a national average soybean yield of 49 bushels per harvested acre compared to the USDA’s August forecast of 50 bushels per Read more…
The USDA rated 60% of the US corn crop in good or excellent condition on 8/22/21 compared to the previous 30-year rating of 60% for the same week. The 60% rating suggests a national average yield of 176 bushels per harvested acre compared to the USDA’s August forecast of 175 Read more…
USDA put 57% of the US soybean crop in good or excellent condition on August 15 compared to 60% the previous week. The September soybean yield estimate has been less than the August estimate (50 bushels /harvested acre this year) in 14 of 18 years in which the crop index Read more…
USDA has forecast the 2021/2022 crop year US corn carryover at 1.2 billion bushels based on the August yield survey which is 8% of forecast crop year usage. The August S/D forecast is close to the minimum pipeline level based on previous year’s data. Recent experience would suggest a fall Read more…
USDA rated 63% of the US corn crop in good or excellent condition on 8/1/2021 which is the lowest rating of the season but still in line with the normal seasonal pattern. Our model forecasts the national average corn yield at 178 bushels per harvested acre which is not significantly Read more…