USDA Report Reveals Surprising Corn and Soy Trends, State Rankings Unveiled
Originally Published 2 years ago — by Reuters
Analysts expect the upcoming USDA report to show smaller U.S. corn and soybean crops than previously predicted due to falling yield prospects caused by dry weather and heat in mid-August. While larger harvested areas are expected for both crops, analysts are cautious about committing to the higher acreage numbers suggested last month. The average trade guess for U.S. corn yield is 173.5 bushels per acre, while soybean yield is pegged at 50.2 bushels per acre. The range of yield estimates is narrower than usual, indicating a potential for production surprises. Additionally, there is speculation about a possible increase in harvested area, although the extent of the increase remains uncertain.