After the USDA released its weekly crop progress report on Monday, there’s been a lot of speculation over the national average yields for the major crops. Some firms have been estimating the average national yield for corn will be less than 160 bushels per acre.
According to Jarod Creed, grain analyst, there’s a big question mark when it comes to yield because of rainfall, moisture and temperatures across the Corn Belt.
“We got to take a step back and look at the big picture,” he said. “A 25-year trend on corn for the U.S. is probably a little bit less than what a real four- or five-year trend is.”
He warns when the next USDA report is released in August, there might not be a big change in yield.
“They’re going to use an implied ear weight, which is about a five-year average—still includes 2012—and then they are going to give us actual ear counts,” said Creed.
Hear why he says there could be problems with ear counts and if it will be a big story on AgDay above.