Grain Crops Get a Boost

There have been questions in the trade about the USDA corn acreage and yield estimate numbers from last Monday’s reports. But, David Maloni, ArrowStream commodities expert, explains that, “reported prevent plant acreage through the Farm Service Agency (FSA) supports the acreage number. And, the corn condition ratings support the USDA yields number at 169.5. Although crop conditions aren’t ideal, this is not 2012, which the chart shows. We at ArrowStream think there is a risk that the USDA reduces its corn yield and harvested acreage numbers in the coming months. But we highly doubt this will translate to sharply higher feed prices for 2020.”

Grain Crops Get a Boost

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