Crop Consultant Dr. Michael Cordonnier has lowered his estimates of the corn and soybean crops this week. He says corn harvested acreage still appears too high, especially along the Missouri River corridor. He has lowered his corn yield projection by 1.5 bu. per acre to 150.5 bu. per acre. He also lowered his soybean yield projection by 0.5 bu. per acre to 41.5 bushels, on concern about recent dryness in Iowa and Minnesota as well as long-term dryness in Illinois.
"While the USDA was aggressive in lowering their corn yield to 153.0 bu. per acre, I thought they were still too high in several states especially in Illinois. The Illinois corn yield is going to come in far lower than the 170 bu. per acre in the August report. As I mentioned last week, I think Iowa is now a key state to watch and I would include the southern three tiers of counties in Minnesota on the watch list as well. The soils have gotten quite dry in this region and weekend rains were generally a big disappointment," he notes.
Dr. Cordonnier currently pegs the U.S. corn crop at 12.64 billion bu., with soybean production at 3.04 billion bushels.