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Yield is what dominates the conversation by this point in the year, especially after the rocky start the 2023 growing season got off to.
USDA’s August corn yield of 175.1 bpa was slightly below the average trade estimate and a 2.4 bpa drop from the month prior.
USDA will revise 2023 yield again in Sep, Oct and Nov before giving us their ‘final’ 2023 yield in Jan. I use the term final loosely though as we will not get their absolute final number until the October report of next year.
Yes, you read that correctly. More than one year from now!
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