On January 12, the USDA will print its final estimates for the U.S. 2016 crops. Already, the private firms are releasing their numbers ahead of the report.
Here is the latest from Price Futures Group:
Corn= 1.4 bu./acre drop in yield to 173.9 bushels for a total crop of 15.1 billion bushels. That would equal 125 million bu. drop from USDA's last estimate.
Soybeans= 52.8 bushels per acre equaling a crop size of 4.383 billion bushels. This would be a 22 million bu. rise, if the current acreage is unchanged. Production would be 884 million higher than the last two years.
What say you about the estimates? Too high, Too low? Right On?
Mike
