News & Publications
July 25, 2023 |
Yield uncertainty hinges on weather
Next week USDA will begin its crop survey in preparation for the release of its crop production report on August 11. Recent history shows the potential for a significant change from the agency’s initial forecast to its final total released in the August report.
Uncertainty about final production could also remain quite high this year given the recent improvement in crop condition ratings. Our goal is to examine the accuracy of the August USDA yield in relation to the final estimate.