Home Indiana Agriculture News Anticipating USDA October Crop Production and WASDE Reports

Anticipating USDA October Crop Production and WASDE Reports


The U.S. Department of Agriculture will release its monthly Crop Production and World Agricultural Supply and Demand Estimate reports Thursday at 7:30 a.m. Central. Cargill Senior Grain Merchandiser Ray Jenkins says analysts’ estimates for the corn crop size range between just below 10-billion to more than 11-billion bushels – which is wider than normal. But Jenkins says the biggest wildcard if what – if any – changes are made to the harvested acres. While comparisons are being made to drought years – like 1988 – when harvested acreage fell to 86-percent – Jenkins says the number right now is at 90.66-percent – leaving a lot of room to play with that number if they choose. He was actually surprised when no change was made in last month’s report – with such an early start to the corn harvest. Jenkins says in years like this – the October report is usually viewed as confirming what is known about the size of the corn crop. He says everyone should expect the unexpected.

Source: NAFB News Service