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Post-Report HOT TAKE

Post-Report HOT TAKE

January 12

Jan 12, 2024
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Post-Report HOT TAKE
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Corn

Corn yield was probably today’s biggest surprise at a record 177.3 bpa - up 2.4 bushels from November and an equal amount over the average pre-report trade estimate.

In fact, actual yield overshot even the highest pre-report guess by nearly 1 bushel.

A few state-by-state changes from Nov that stick out (fast glance at the numbers - bushels per acre):

  • NE +9

  • MO +6

  • WI +5

  • MN +4

  • IN +3 at a record 203

  • OH +3 at a record 198

Unfortunately this map only shows year-on-year changes by state.

I will try to put together a map by this weekend that shows state changes from the last yield estimate in Nov.

Production increased 107mbu to a record 15.3 billion bushels, despite a 600,000 reduction in harvested area.

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