|
 |
|
|
|||
|
 |
|
Aug. 14, 2023
by Tyne Morgan, AgWeb.com USDA's first farmer survey-based yield estimate offered few surprises, but analysts say the yield estimate might already be out of date due to recent rains. USDA also made more cuts to demand as the export picture remains sluggish. According to USDA's August Crop Production report, USDA-NASS made cuts to the national yield estimate. Corn yield: 175.1 bu. per acre vs. 177 bu. per acre in July Soybean yield: 50.9 bu. per acre vs. 52 bu. per acre in July Wheat yield: 45.8 bu. per acre vs. 46.1 bu. per acre in July The Yield Debate and Timing of the August Survey The method used to estimate yield changes in August each year if different from how yields are calculated earlier in the growing season. Up until this month, the World Board handled the yield estimates and produced those via a model they use every year. This month, NASS takes the reins, conducting a farmer survey which asks farmers for crop estimates based on August 1. Analysts say the only problem with that is one of the biggest rain events of the year fell after August 1 this year. To read the entire report click here. Tweet |
|
|
|
|
|
|
|
|
|||||||||||||
