National Ag News

Traders expect the USDA to drop the average corn yield in Thursday’s crop production report to around 166 bushels per acre. Some estimates have been as low as 163.

Those compare to USDA’s previous forecast of 171 bushels per acre.

But commodities analyst Arlan Suderman with INTL FCStone says the complex formula USDA uses to determine yield in its August report will likely produce a more conservative estimate on Thursday.

“The formula itself would suggest maybe a three to three-and-a-half bushel reduction, which would put us somewhere in the 167 to 167½ range—unless there’s some significant population issues out there,” he says.

Continue reading Analyst expects conservative USDA corn yield estimate at Brownfield Ag News.