USDA Monthly Corn Yield Estimate

This graph is over the past 8 years and shows USDA’s estimate that comes out with each crop report. Last month USDA projected yield at 174.6 bpa. On Friday, USDA raised the yield by 1.7 bu to 176.3 bpa. Some feel that could go a little higher and others feels its overdone and it’ll work lower. That is what’s creating this mixed feeling and mixed trade in the grain markets as well.