The August crop report next Wednesday. Some private forecasters slowly taking the top of national corn yield.
Looking at the August report, an important one for the corn trade especially as the crop has pollinated for the most part and is filling ears now. USDA during the month of July has collected farmer surveys and also using satellite imagery to make the first tangible estimate of the crop. July’s extended hot dry weather has been replaced with still hot weather, but a wetter pattern still though dry in part to the Western Belt and Northern Belts.
Private forecasters appear reluctant to reduce final yield much, but several early releases have taken one to two bushels off the national corn yield. Now near 181 to 182. This is the bottom-line report.
September 11th report will be much more accurate for corn and for soybeans. Still, next Wednesday very important to both.
Audio Reporting by Mark Oppold for Southeast AgNet.