USDA May Revise Crop Estimates Following Pro Farmer Crop TourSun, 25 Aug 2013 09:07:33 CDT
The results of the Pro Farmer Crop Tour are in and the estimates are that there has been more yield loss in corn and soybean fields in the Midwest than previously expected. Cool, dry weather in July took its toll on crops, and the USDA may have to reduce its crop yield forecasts next month.
The USDA’s soybean forecast could see a drop of 2.5 percent next month based on a Bloomberg survey of eight participants on the crop tour. Tour participants sampled more than 2,600 fields in the seven-state tour.
Corn estimates are expected to drop about 1.5 percent based on estimates from nine scouts on the crop tour.
The Pro Farmer tour estimates the nation’s 2013 corn crop at 13.46 billion bushels with an average yield of 154.1 bushels per acre.
The projected soybean harvest is 3.158 billion bushels on a yield of 41.8 bushels per acre.
The estimates assume near-perfect weather between now and harvest time.
You can read more about the results of the 2013 Crop Tour at www.agweb.com.
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