A market analyst says he’s closely watching yield estimates in next Tuesday’s supply and demand report from the USDA.
Jim McCormick with AgMarket.Net tells Brownfield corn yields could drop about 2 bushels per acre and soybeans almost a bushel per acre. “We’ve obviously gone since the August WASDE number when they collected that data at the very end of July. The first few days of August, we’ve seen a huge change in the weather patterns, some of the warmest, driest temperatures we’ve ever seen for this time of year.
