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What If the National Corn Yield Is Improving?

Last month USDA lowered their yield predictions due to extreme dry conditions in May and June. Now everyone will be watching this Friday’s August WASDE report to see if the yield estimate changes again and, if so, by how much.

Since so much is riding on the national yield, most traders are trying to predict that number using several different tools. The following are just a few:

Weekly Crop Condition Reports

Some market participants monitoring USDA’s weekly crop condition reports say overall conditions are worse this year versus last year, which suggests the 177.5 July estimate from USDA is too high. But in this week’s report corn conditions are now only 1% lower than last year.

August 9, 2023



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