WASHINGTON, D.C. (RFD News) — With USDA’s next World Agricultural Supply and Demand (WASDE) report approaching, private analysts are offering an early look at this year’s corn and soybean crops.
Arlan Suderman with StoneX said the firm’s latest customer survey points to a national corn crop at trend yield, with strong production in some states helping offset drier areas.
“Of the numbers as they see them now, 184.8 bushels per acre for the corn crop. 53 bushels for the soybean crop. Now USDA’s currently at 183. Everyone thinks that’s a trend yield. No, that’s not a trend yield. A trend yield, as I calculate it, comes out to precisely 184.8 bushels per acre. So in essence, we’re saying this is now a trend yield corn crop that we’re getting. USDA has had 183 is their initial estimate. Now, I think the last three years that’s not really a trend yield. What it shows is we have some areas with very good crops, for example, Iowa, 218 bushels per acre, Illinois, 212 bushels per acre, a little lower, with some of the holes that we see in the crop there.”
The survey also estimates soybean yields at 53 bushels per acre. Suderman said those estimates will continue to evolve as the crop moves through grain fill and pod fill in the weeks ahead.
