Crop Consultant Dr. Michael Cordonnier has lowered his estimates of the corn and soybean crops this week, saying adverse weather in July is largely to blame. He has lowered his corn yield projection by 3 bu. per acre to 152 bu. per acre and lowered his soybean yield projection by 0.5 bu. per acre to 42 bushels.
"The record high temps during July were believed to have negatively impacted the corn pollination and confirmation of pollination problems are now being reported as numerous observations indicate smaller than normal ears and significant tip back on ears," he notes.
Dr. Cordonnier currently pegs the U.S. corn crop at 12.82 billion bu., with soybean production at 3.14 billion bushels. Tomorrow morning, USDA will release their first survey-based projections for the crops.