Tough to gauge U.S. crop size

Photo courtesy of Weldon Farms

It could be some time before USDA has a good handle on the size of the 2023 U.S. crop.

Glenn Wachtler with Compeer Financial says harvest results indicate a lot of variability.

“It might be one of those years where the best guess at that final harvest comes in the January report.”

He tells Brownfield farmers dealing with drought conditions might assume corn and soybeans struggled everywhere.

“Eastern Corn Belt this year has received rain, so what you see locally might not exactly be the story of the whole market. And I think we have to give that a little time to shake out.”

USDA’s next crop production and yield estimates will be released late Thursday morning. 

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