- The loudest conversation in the ag industry these days has to do with guesses on US corn average yield as compared to USDA's guesses.
- This is a pointless game as it is completely weather dependent and will change many times over the course of a single day.
- The real question is what to do about demand, for if a change is not seen the cash market could still follow the path laid out during the 2010-2014 timeframe.
I was asked to join a social media conversation about national average corn yield Thursday evening. Thankfully, I had already turned off my phone for the night, a way of declining the invitation to a discussion I see no point in taking part of. For the record, Barchart released its updated yield estimate earlier this week, coming in at 177.8 bushels per acre (bpa) with total production of 14.975 billion bushels (bb). Two weeks ago those numbers were 177.9 bpa and 14.988 bb.
