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S Illinois | Only tweak maybe trend yield numbers but then it almost always comes down to yields. USDA was 168 and 46.7 last May which was an increase of 1.2 and 0.7 respectively over the previous year. Keeping with that trend would put the first yield in May somewhere around 169.3 and 47.5. But then any change in yield will lead to a demand change so it may be a wash.
We may have DC bean acre decreases of 200k-300k(150K in traditional SRW areas)depending on where those HRW acres were decreased at in KS and OK. These acres were counted as both wheat acres and bean acres. Not enough to move a market though. | |
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The numbers......
