USDA is set to release it’s crop production report Wednesday, and farmers and analysts alike are nervous with what this could mean.
Andy Shissler of Roach Ag Marketing spoke with Chip Flory on Market Rally Radio Friday on what this next report could bring on the corn side.
“Everybody says their yields are going down,” said Shissler. “Everybody is always wrong.”
Listen to Andy Shissler on Market Rally here:
He hopes USDA can start moving the number lower, if not, he predicts farmers could be “in trouble.” If the yield drops to 172.5 bushels per acre,farmers could see $4.40 corn in June or July. If yields drop to 170 by Christmas, farmers could see $4.20 corn by the time spring planting rolls around.
Across the board, Shissler said he’s heard consistently good yields “everywhere.”
“If it’s 175, because everybody is always wrong, and they raise the yield, I don’t even know what to tell you,” said Shissler. “That would be awful, awful.”
Shissler is doubtful farmers will see a reduction in yield on the next USDA report.
“I wouldn’t plan on it,” said Shissler.