Corn emergence support the USDA projection — Braun

As of August 18, 2019, corn plantings' condition in the United States deteriorated. Thus, 10% of areas are in excellent condition vs. 20% last year, USDA reports.

Karen Braun, Global Agriculture Columnist at Thomson Reuters, commented that the corn yield forecast for Ohio and South Dakota is 154.4 bsh/ac (14% lower from 2018) and 154.1 bsh/ac (13% lower), respectively. This confirms the reduced USDA corn yield forecast by 14%.

In the reporting period, the US corn crop condition was as followed:

  • good — 46% (48% in the relevant period last year);
  • fair — 30% (20%);
  • poor — 11% (8%);
  • very poor — 3 (4%).

95% of corn plantings entered the silking phase vs. 100% as of the corresponding date of last year.

On August 12-13, CBOT corn futures with delivery in December fell by 9.9%, the largest 2-day drop for the most active contract since 2013, commented Karen Braun.

To learn more about agribusiness in Ukraine, follow us on Facebook, on our channel in Telegram, and subscribe to our newsletter.

Completed withDisqus