News & Publications
September 24, 2024 |
Are the harvest lows in for corn and soybeans?
Ag Marketing IQ: Manage market positions to overcome global disruption and unpredictable prices in the grain market.
Two different contacts recently asked me the same question: “Do you think the harvest lows for corn and beans are in?” I preface my answer to this question the same way every time – by noting the futility of price prediction.
Look at U.S. yield. Early U.S. yield trends have shown variability. While there have been reports of record yields, others have been disappointing. Earlier this month, the USDA surprised the market with a larger-than-expected national average yield of 183.6 bushels per acre.
