Allendale Releases Their August Yield Estimates for the 2018 Corn and Soybean CropsWed, 05 Sep 2018 11:53:58 CDT
Allendale, Inc. a Chicago area agricultural commodity brokerage and analysis firm suggests a projected US corn crop of 14.529 billion bushels and a soybean crop of 4.636 billion bushels. Those numbers compare to the USA August Crop Production numbers of 14.6 billion bushels of corn and 4.59 billion bushels ofsoybeans.
The 29th annual Nationwide Producer Yield Survey was conducted from August 20-31. The surveys were conducted direct by our brokers (69%) as well as via our website and social media platforms (31%).
These estimates were based on producer calculated yields in 34 states. Ample surveys gave us the numbers needed to project yields in the top 12 states. This covers 86% of corn production and 83% of soybean production. For this survey, the smaller states were assumed using USDA’s August 10 estimates.
To view the details of the estimates compiled by Allendale, click or tap here.
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