MINNEAPOLIS, Minn. (RFD News) — As USDA works to refine its estimates for this year’s crops, Extension agents are watching fields for signs that yields could come in better than expected.
While some soybean areas are struggling, Ed Usset with the University of Minnesota says Minnesota is seeing particularly strong conditions.
“We have some really good areas going. Here a couple of, a week and a half ago, I had a chance to drive through southeastern Minnesota. Frankly, it was mind-blowing how good these soybeans look that early in late July. So a mixed bag again, but I’m not going to disagree with USDA’s viewpoint on an average yield.”
Looking at crop prices, Usset said he does not expect corn to fall below $4 per bushel as it did during the previous two harvests. However, he said seasonal harvest pressure could take as much as 30 cents off the market before additional opportunities emerge.
