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Houston,Tx | So that we may have a good idea of the playing field rules.
Nass has recently (2011) referred to a 3.59% reduction in yield forecast - 'sharply reduced yield prospects - from the Aug/2011 wasde report:
WASDE-497-2
COARSE GRAINS: U.S. feed grain supplies for 2011/12 are projected lower this month with sharp
drops in forecast corn and sorghum production. Corn production for 2011/12 is forecast 556 million
bushels lower with a reduction in harvested area and lower expected yields. The national average yield
is forecast at 153.0 bushels per acre, down 5.7 bushels from last month’s projection as unusually high
temperatures and below average precipitation during July across much of the Corn Belt sharply reduced
yield prospects.
http://usda.mannlib.cornell.edu/usda/waob/wasde//2010s/2011/wasde-0...
Edited by c-xr-1 8/5/2017 15:11
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For reference
