🇺🇸All trade estimates ahead of USDA's planting intentions & quarterly stocks due on Tuesday at 11am CDT, where U.S. corn & soybean plantings will take the spotlight. Will USDA's survey capture any potential acreage shift owing to the war-driven surge in fertilizer/energy prices?
🌽2025 U.S. corn yield comes in at a record 186.5 bu/acre. Iowa and Illinois didn't do as well as previously expected, but plenty of other states, particularly Minnesota and North Dakota, notched very strong results.
U.S. corn harvested area comes in 1.3% above the September estimate on increases in both major and minor states.
91.26 million harvested corn acres is the highest since 1933.
All trade estimates for USDA's supply & demand report due Tuesday at 11 am CST. No U.S. corn and soy production updates, but I'll be watching demand estimates as well as world wheat supplies. Analysts have a slight upward bias for South American crops.
🌽Just posted this over on LinkedIn, check it out: My thoughts about U.S. corn and soybeans following the Pro Farmer crop tour https://t.co/A5QvrdA0fb via @LinkedIn
Minnesota corn yield samples on #pftour25 averaged a record 202.86 bu/acre, smashing the old record from 2020 by 4%. That's up 23% from last year's tour (USDA is up 16% YOY, by the way). Soy pod counts were up 20% from last year, the tour's highest MN pod count in over 20 years.
#Pftour25 measures record yield potential for both corn and soybeans in Iowa. Corn tour samples averaged 198.43 bu/acre, up nearly 3% on last year's high. Soybean pod counts were also a tour record for Iowa, up 5.5% on the year.
Stop 7 in Blue Earth co MN. New high for the day. Could have been even better, there were some skips in the rows. Had a 22, 18 and 20 around. Yield check 232.5 #pftour25
Corn yields in Illinois on #pftour25 averaged 199.57 bu/acre, down slightly on the year but a bit above the three-year average.
Pod counts for soybeans were a tour record for Illinois at 1479.22 per 3x3' plot, up nearly 13% on the three-year tour average.
#Pftour25 results out of western Iowa suggest that record yield expectations could become reality. Average corn yields and soybean pod counts in all three western districts were the tour's highest in at least a decade.
Nebraska corn samples on #pftour25 averaged to 179.5 bu/acre, up 3.6% from last year's tour but short of 2021's high (182.35).
Pod counts for soybeans at 1348.31 are up sharply from a year ago and a tour best for Nebraska in over a decade.
Average Indiana corn yield on #pftour25 comes in at 193.82 bu/acre, barely edging 2021's record (193.48).
Pod counts in Indiana were down 2.3% from last year's tour but up 6.3% on the three-year tour average.