A few key September 2016 crop surveys and estimates were released recently along with the USDA’s monthly Crop Production.
USDA
Corn Yield: 174.4 (down 0.7 bu from last month)
Bean Yield: 50.6 (up 1.7 bu from last month)
FC Stone
Corn Yield: 175.6 (up 0.6 bu from last month)
Soybean Yield: 50.1 (up 2.1 bu from last month)
Informa
Corn Yield: 174.8 (up 5 bu from last month)
Soybean Yield: 49.5 (up 1.8 bu from last month)
The market analysts will be watching closely as harvest progresses and actual hard data is released. The US corn harvest progress was pegged at 5% as of Monday, September 12, 2016. The next USDA report, the Quarterly Grain Stocks, which will be released on Friday, September 30, 2016.
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