Grim Outlook If USDA Doesn't Drop Corn Yield, $4 Corn If It Does

October 10, 2016 12:56 PM

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.

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Spell Check

Johnny farmer
Lafayette , IN
10/10/2016 07:17 PM

  My 200 bushel ground making 175. My 180 bushel ground making 160 no record here.

Crawford County Farmer
Robinson, IL
10/10/2016 07:55 PM

  No records here. About 50-65 by below 2014. Regardless of tile, ground quality, early plant, late plant. Definitely not record, it is actually below the 4 year average

grain buyer
Crawfordsville, IN
10/11/2016 08:03 AM

  It wouldn't make sense to have record corn this year. We've had high overnight temps across the cornbelt all season and average precip until the last half of Aug. Our conditions all season have had no reason to produce a record corn crop. 2014 was notably cooler temps than average, 2016 has been the opposite. I've heard quiet a few disappointing yields, especially out west