“I can stand on my porch and look one direction and see corn that will be every bit as good as it was last year, but if I turn 180 degrees I can see corn that will struggle to make 150 bushels for a yield,” said Karl Setzer on Friday’s AgriTalk After the Bell.
Setzer explained that will make it exceptionally difficult to predict corn yields this year and that “we may just have to wait until the combines are rolling to know what’s really out there.”
ATB host Chip Flory asked Setzer, with MaxYield Co-Op in Algona, (NC) Iowa, about the potential impact on basis.
Because of intensive hog production and ethanol production, north-central Iowa, as well as northwest Iowa and southern Minnesota that are inside the area of “wide-variability” in expected corn yields, corn demand is strong.
Setzer explained, “I could see some basis stregth come this fall, but the problem right now is there are still piles of 2017-crop corn sitting around to get used up.”