Death comes to us all. Life's but a walking shadow | While not wanting to deliberately "kill the crop" a healthy skepticism of any such report is alway warranted.
Looking at Illinois yields for the past five years and estimating what it would take to make a 212 bushel statewide average suggests that the district yields would need to be between 39 and 48 bushel per acre higher than the 4 year ave. (dropped 2012 due to drought). Given that Illinois corn acres for 2014 are only marginally lower than 2013 and that as of last Monday corn harvest in Illinois was supposedly 77% complete by now there should be ample evidence in the way of corn trucks and even corn piles to substantiate the claim.
Maybe someone would be willing to look out the window and report back.
PS: For those Illinois producers who actually get 45 bushel more yield this implies that their cost of production per bushel would be about 30% less (more yield same cost). This implies their breakeven cost just dropped by 30% as well. Which is interesting because this year's corn price is roughly 30% less than last year. I guess the merchants and endusers have already figured out that Illinois corn producers don't really need that extra dollar.
Edited by 1234 11/6/2014 05:49
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Linn Group projects Illinois at 212 b/a
