From Farms.com, August 10:
2022 U.S. Corn Belt Crop Tour by Farms.com Risk Management forecast a record U.S. corn and soybean, weather permitting
Moe Agostino, Chief Commodity Strategist with Farms.com Risk Management, is forecasting a new record high for the final January 2023 USDA report of 53+ bushels per acre (52 – 54) for soybeans and 180+ (178-182) for corn!
The prediction is based on a tour of 12 U.S. states from June 30th to July 23rd, 2022, sponsored by Case IH and Advanced Forecasting Corporation.
It's a tale of two areas,says Agostino, “east versus west”.
The western corn belt (WCB) has been hotter and drier with 2 key problem spots: Kansas and Nebraska. Texas and Southern Missouri could also be included as problem areas. A lack of moisture has made it too dry for too long, meaning corn production could fall as much as 300 to 500 milion bushels in this area.
Compare that to the eastern corn belt (ECB)-- the garden spot – which is on pace to produce record production and more than offset the west. “In the ECB they had ‘carpet’ corn everywhere, tasselled and even in height. Variability did not show up until Northern Indiana and Michigan,” explained Agostino....
....MUCH MORE
