This year’s Midwest corn crop generally appears less impressive than last year’s, according to scouts on the 2017 Farm Journal Midwest Crop Tour—a factor of weather issues earlier this season and, in some cases, multiple replants. The Pro Farmer corn yield estimate is 167.1 bu. per acre. But timely rains in places could inflate yields.
The soybean crop looks modestly promising, though much will depend on how it closes out before harvest. Because of the lagging maturity of the crops, scouts measured more yield potential than actual yields. The danger is that it’s hard to say how the crop will finish with such a long period until maturity. Soybean yields will average 48.5 bu. per acre, Pro Farmer projects.
“Like Ohio, the Indiana corn and soybean crops are going to need time and late-season rains to finish strong,” explains Pro Farmer Editor Brian Grete, sharing one example from the seven-state Tour. “In the case of corn, it will be a matter of whether the crop can hang onto the yield potential we measured. That’s always a question in
years with a less mature crop. For soybeans, so much rides on late-season weather, as is typical, though
this year it’s probably even more so.”
On the western leg, scouts observed drought issues in South Dakota. Weed pressure persisted in Nebraska Don’t expect that bearish tone to push prices higher, cautions Peter Meyer of PIRA Energy. “There’s just too much corn,” Meyer tells “U.S. Farm Report” host Tyne Morgan. “In order for us to get back to ’15–’16 carryout numbers in
’17, we’d have to lose 1 billion bushels in production. We’re not losing 1 billion bushels.”
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