That Is A Lot of Corn and Beans, by Any Estimate

September 8, 2016 07:43 PM
 
irrigation pivot corn

Some analysts’ estimates for U.S. corn and soybean yields beat even the USDA’s record-high forecast. But while estimates are under discussion the week before USDA’s crop production report Monday, all point to  record-breaking bumper harvests.

The 2016 Pro Farmer Midwest Crop Tour put corn yield at 170.1 bushels per acre and soybean yield at 49.3 bushels per acre.

FCStone estimates are above USDA’s, with corn yield at 175.6 bushels per acre and production of 15.2 billion bushels. It put soybean yield at 50.1 bushels per acre, with production of 4.16 billion bushels. Both estimates are higher than USDA’s August estimates.

Informa puts corn yield slightly below USDA at 174.8 bushels per acre, and corn production at 15.3 billion bushels. Informa estimates soybean yield at 49.5 bushels, slightly above USDA, with production at 4.1 billion bushels.

Allendale estimates corn yield at 172.6 bushels per acre and the soybean yield at 48.5 bushels per acre, both slightly lower than USDA’s projections.

While all of the estimates differ from USDA’s corn yield of 175.1 acres per bushel and soybean yield at 48.9, they all agree on a record-breaking harvest.

 

 

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Comments

 
Spell Check

cmd
joliet, IL
9/9/2016 11:38 PM
 

  Who lit a fire under corn prices when it touched $3? Is it the Fed buying futures like they do with oil?

 
 

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