Ahead of Monday’s USDA report, farmers walking their fields already are finding out that corn yield isn’t quite the record high 175.1 bushels per acre predicted by the agency in August, according to Jerry Gulke, president of the Gulke Group in Chicago.
"They’re finding disappointment (in their corn fields), … in all states in all areas,” said Gulke, speaking to Pam Fretwell on Farm Journal Radio. “It looks 10 to 20 bushels less than last year … so the corn crop is a good, solid crop, but not a record.” explained Gulke.
In Illinois, for example, “there is 240 to 250 corn, not 300,” Gulke observed, and in Iowa it’s “pretty tough to find anything over 220 to 240.” USDA makes its projections based mainly on surveys of farmers, Gulke noted.
“In my opinion, it (corn yield) could come anywhere from 166 bushels per acre to 173 bushels per acre, eventually, but not necessarily on Monday,” Gulke said.
Soybeans, though, are a different story, with some saying USDA could raise yield to 50 bushels per acre in Monday’s report, Gulke explained.
“How we close on Monday … will tell us what the market thinks,” he said.
Listen to his full comments here: