Crop consultant Dr. Michael Cordonnier lowered his U.S. corn yield projection by 1 bu. per acre from last week to 147.0 bu. per acre. He also lowered his maximum yield for the crop to 149 bu. per acre (down 3 bu.) while leaving the minimum for the crop at 144 bushels.
Dr. Cordonnier says he maintains a slightly negative bias for the corn crop, adding yield may still decline another 1 to 3 bu. per acre. He is currently using a harvested corn acreage figure that is 400,000 acres less than USDA's current estimate for a crop estimate of 12.34 billion bushels.
Dr. Cordonnier left his soybean yield projection unchanged at 40.0 bu. per acre for a crop of 2.93 billion bushels.