Weekly Commentary - September 1, 2017
Gro’s US corn yield model jumped significantly higher over the past week, rising from 169.9 bushels/acre (or 10.66 tonnes/hectare) to 170.6 (or 10.71). Now Gro’s forecast is solidly bigger than USDA’s and above consensus trend yield. The price-bearishness of the model has again been driven by satellite data showing greening in the Corn Belt. Unlike last week, which featured improvement in areas which had performed poorly so far, these were scattered around the Corn Belt.