Consultant Leaves Crop Estimates Unchanged

Crop consultant Dr. Michael Cordonnier has left his corn and soybean crop estimates unchanged from last week and says he has a neutral bias toward the crops. He pegs the corn yield at 154 bu. per acre for a crop of 13.58 billion bu. and the soybean yield at 42 bu. per acre for a crop of 3.22 billion bushels. Dr. Cordonnier says cooler-than-normal temps continue to slow the development of the U.S. corn and soybean crops, but longer-range forecast call for a warming trend in the U.S., accompanied by drier conditions. He says warmer temps would push along the crops, but a wetter scenario would be more favorable.