This week’s bullish WASDE report surprised farmers and shook markets.
They have now stabilized, but corn growers are still worried about the impact of such a large crop at harvest.
The acting Chief of USDA’s NASS crops branch says that these are the highest numbers in a decade.
According to Anthony Prillaman, “Now looking at the planted and harvested corn numbers graphically across the past ten years, you can see that this year’s planted total is the highest across this time series, and in fact, this is the second-highest planted area on record since 1936, only behind the amount planted in 2012. You can see how this year’s forecasted yield of 188.8 bushels compares to the previous years in trend. Now, as you can see, this is the third consecutive year of higher yields, and this year’s forecasted yield is above trend.”
Leading the way in production are the I states: Idaho, Illinois, Indiana, and Iowa. High yields are also expected in Minnesota, Missouri, and South Carolina.
