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Analyst Naomi Blohm calls the Midwest Crop Tour findings mixed and expects USDA corn yields could finish near 165-166 bu/acre. She warns that soybean yields closer to trend of 48 bu/acre would cut ending stocks sharply from 475 million to 353 million bushels.
Expected USDA trims to yields would tighten US supplies, which would support soybean and corn prices and feed meal values.
brownfieldagnews.comMark DorenkampAug 25, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
