Soybean Crop on Track to Exceed the USDA’s forecast 06/23/2020

USDA rated 70% of the US Soybean crop in good or excellent condition as  of June 21 which compares to the 1988 through 2019 average 61%. Our study projects a yield of 50 bushels per acre which is off from the previous record 52 bushels. The study has a standard error of 2.3 bushels per harvested acre. The USDA has projected the average national soybean yield at 49.8 bushels per harvested acre.