Yield
March corn hit a new contract low of $4.41 on Friday. Will corn see more pressure trying to price in extra bushels? March soybeans also hit a low of $12.06. Will $12 support hold without a drop in Brazil production?
With larger-than-expected yield revisions to both corn and soybeans, it leaves one burning question: which states grew such big yields in 2023? USDA NASS released maps and charts to help answer that.
USDA’s final look at crop production for 2023 caught the commodity markets by surprise. The agency increased the final yield estimates for both corn and soybeans, and as a result, prices plummeted on Friday.
Pay attention to the national corn yield, the number of planted corn acres and Brazil’s corn and soybean crops.
Georgia farmer Alex Harrell just grew the highest yielding soybeans in agriculture history — 206.7997 bushels per acre.
From a bottle hunter and a pair of plows crafted by John Deere himself to record yields and the return of monster buck antlers, enjoy some of the fan favorites on AgWeb from the past year.
It’s no surprise those who chase high-yield honors set aside acres for that very purpose. However, there’s something to learn from the management practices that go into growing a record crop.
West Texas is the largest cotton production area in the country, but after battling drought and heat, area farmers say the dryland crop is a failure, and the irrigated acres are only yielding half of normal.
Neil Lee’s cotton dealt with cool weather early on, which stunted the crop. It then turned off hot and dry. At harvest, he was thrilled to find “money bolls” at the bottom of the plant.
Despite weather concerns sprouting in Brazil, USDA didn’t make any major adjustments to the South American crop in Friday’s reports. Increased demand from China and Mexico prompted USDA to trim U.S. ending stocks.