U.S. Department of Agriculture
A drop in corn yields was expected, but the market was trading 155-156 bu./acre corn yield.
What will be this year’s actual harvested acreage, and how will weather affect yields on those acres?
With the release of the acreage report today by the USDA, farmers around the country are concerned with the government agency’s accuracy.
North Dakota, South Dakota, Minnesota and Montana, will be resurveyed.
Because of late planting and flood related crop losses, acreage uncertainty will linger for several months.
Get ready for a big move in corn prices. USDA’s June Grain Stocks report comes out tomorrow morning, and it tends to swing the market.
Following Thursday’s USDA reports, the market was full of action. Jerry Gulke says Friday was a wild trading day and that farmers are feeling the lure of $8 corn.