As of late July, ARC pegs US corn yield at 166.2 Bu/Acre. This compares to the USDA’s current 166 and to 178.4 in the 2018 August crop report. US corn production is estimated at 13.5 Bil Bu using harvested area of 81.4 Mil vs. NASS’s 83.6 Mil. ARC notes that when calculating acreage loss it’s…
On Thursday, the USDA began releasing details of the 2019 Market Facilitation payments. Payments will be made to producers of non-specialty crops such as corn, soybeans, wheat, and others, along with some specialty corp producers that includes some fruits and nuts. The non-specialty crop payment is based on a single county payment rate…
NASS’s August crop report looms large and trade estimates on US corn production exist in a rather wide range. There’s little doubt that US corn stocks and stocks/use will be trimmed in future reports, but it’s the extent of the coming change that will determine whether new highs are needed. The table below shows US…
“Trend yield” is a term that is often used within the trade to refer to yield expectations for the upcoming year. However, the numbers associated with that term can vary greatly depending on how each analyst calculates the trend. The USDA’s new crop yield estimates in the May-July reports are modeled guess of what the…
ARC on Monday highlighted that US sorghum crop ratings are the highest since 1999 at 74% GD/EX. Ratings in NE sit at 80% GD/EX, with ratings in OK at 92% GD/EX. The attached graphic shows the correlation between mid-July crop ratings and final US sorghum yield’s performance against trend. Crop ratings above 60% GD/EX suggest…
