WASDE Reports Record High Corn Yield

WASDE Reports Record High Corn Yield
August 18, 2020
The latest WASDE report, issued last Wednesday, has corn yield estimates greater than what the market was expecting.  The trade was expecting a report of about  180.5 bushels per acre as a national average yield, but the WASDE report was 1.3 bushels more at 181.8. If that becomes reality, then that would be a 14.4-bushel increase year-over-year, or nearly 10% higher than last year. This would be a  new national record corn yield by US farmers and implies a total corn harvest of about 15.3 billion bushels, another a new record.
The chart below can be constructed in the Fundamental Analytics platform under Fundamentals > PSD > Corn > Yield > North America > United States.

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The information provided here is for general informational purposes only and should not be considered individualized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions.