Corn
According to USDA’s crop progress report, 45% of corn and 62% of soybeans have been harvested so far this year.
Even though USDA slightly adjusted yields lower in the October report, the agency also cut demand, which one extension agribusiness specialist says indicates there may not be much motivation for prices to move much.
Weather woes took a huge bite out of corn yield potential this season, especially in northeast Iowa and parts of western Illinois. Where farmers got timely rains, the yield reports coming in are not as wide-ranging.
Corn yields can swing 100 bu. to the positive or negative in some hybrids today based on nitrogen use that supports kernel depth. Tune into hybrid characteristics, and avoid “gapping” nitrogen and volatilization.
Harvest progress on soybeans nearly doubled from last week and corn progress is ahead of the five-year average.
USDA’s latest insights show the two companies dominated U.S. retail seed sales for the three crops from 2018 through 2020. That is the most recent period for which market estimates are available.
Nearly a quarter of corn and soybeans have been harvested for 2023.
A calibrated monitor usually does a good job of telling you where yield is changing in a field within a hybrid, but it may not tell you exactly how one hybrid is yielding against another.
Bottom to top? Top to bottom? Farm mechanic Dan Anderson explains the ideal method.
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Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.