USDA Report: What The Experts Say
The USDA are out Wednesday with their latest musings on WASDE and a revised version of the June corn acreage report, after saying that planting delays in some states made it's June figures "uncertain".
Farm Futures magazine reckon that corn acres could be as much as two million lower than the USDA's June figure, coming in at 85.04 million acres. That lower acreage will however be partially offset by higher yields, they say. They are not alone in projecting that final yields this season could come in a little above 160 bu/acre, as opposed to the 153.4 bu/acre in the USDA June report.
The average trade estimates ahead of Wednesday’s USDA crop production report for 2009 corn acreage, production and yield are 86.333 million acres, 12.49 billion bushels and 157.295 bu/acre.
For soybeans, the average trade estimates ahead of Wednesday’s report are production of 3.219 billion bushels and a yield of 42.13 bushels per acre.
The average trade estimates ahead of Wednesday’s USDA crop production report for 2009 all wheat and winter wheat production are 2.151 billion bushels and 1.5315 billion bushels respectively.
Farm Futures magazine reckon that corn acres could be as much as two million lower than the USDA's June figure, coming in at 85.04 million acres. That lower acreage will however be partially offset by higher yields, they say. They are not alone in projecting that final yields this season could come in a little above 160 bu/acre, as opposed to the 153.4 bu/acre in the USDA June report.
The average trade estimates ahead of Wednesday’s USDA crop production report for 2009 corn acreage, production and yield are 86.333 million acres, 12.49 billion bushels and 157.295 bu/acre.
For soybeans, the average trade estimates ahead of Wednesday’s report are production of 3.219 billion bushels and a yield of 42.13 bushels per acre.
The average trade estimates ahead of Wednesday’s USDA crop production report for 2009 all wheat and winter wheat production are 2.151 billion bushels and 1.5315 billion bushels respectively.