Consultant: 'Worst-Case Scenario May Be Outcome of Corn Crop'

July 17, 2012 10:00 AM
 

Crop consultant Dr. Michael Cordonnier has lowered his corn yield estimate by 6-bu.-per-acre to 140 bu. for a crop of 12.36 billion bushels. He also lowered his maximum yield projection to 145 bu. per acre, but left the minimum unchanged at 125 bu. per acre. "We definitely now must assume that the worst-case scenario may be the likely outcome for the 2012 corn crop," he says. "The damage to the corn crop is done and any future rainfall would just slow the rate of decline"

For soybeans, Dr. Cordonnier lowered his yield projection by 1 bu. per acre to 39.0 bu. for a crop of 2.87 billion bushels. He lowered his maximum yield projection by 1 bu. per acre to 41 bu. per acre, but left the minimum unchanged at 35 bu. per acre.

U.S. 2012 crop estimates

Est.
Maximum
Minimum
2011

in billion bushels

Corn
12.36
12.80
11.03
12.358
Soybeans
2.87
3.02
2.58
3.056

 


 

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