There is an extensive in field survey taken in August by Pro Farmer each year. Many fields are visited across the corn belt. They released their estimate from this data that forecasts 169 bu of corn on 83.24 million acres. If this is true production will be over 14 billion bu of corn.
Chart shows reduction in corn planted acres from last year's record amount. Between now and next april farmers will be deciding how many acres to plant next year. Corn is at 50% of the prices from 2012 and the drought reduced crop. How will that impact 2015 corn acres?
So we are looking at 14 billion bu. from less acres. Unfavorable weather in the northern corn belt was the major impact on the reduction. For yields, many producers will have record levels. If you look at the "eye in the sky" from last post you can see portions of the field yellow. Where this field shows some there will be other areas that receive too much rain causing nitrogen loss or the inability to do timely field applications.
Chart showing yield per year. I know we just reduced the possible top yield because of too much rain but am glad it was not the drought of 2012 that had a severe impact on many more acres. The phrase rain makes grain will always hold truth even if it is too much rain.
On my farm corn is beginning to fill kernel size and weight and looks like a possible record crop for me. The harvest moisture will be higher and increase harvest expense because of the cool summer. My beans however enjoy the cool summer and because of that also look like they could close in on a record for me.
With harvest approaching please think of the hungry in the world and what we can do for them. FRB is one way to get involved and share our bounty with the less fortunate.
Serving together, Dean
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