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Special eSNAPSHOT - USDA Crop Report Surprises Traders With More Corn and Less Beans
Special Report
by Rich Nelson
USDA indicated though the corn crop is smaller than last year there are no significant problems to note. Nationwide yield was estimated at 152.2 bushels per acre which was higher than their July estimate of 149.0 bushels per acre. The resulting crop of 10.976 billion bushels would the third largest ever. Losses have been noted .....
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Allendale Survey Accuracy -- Within 1.4% Corn, 0.3% Beans
By Bill Biedermann
The USDA report is in error 70% of the time! But thanks to the many participants throughout the US, Allendale has been able to produce a crop yield survey that is extremely accurate and reliable. .....
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