Posted 6/1/2019 13:34 (#7535588) Subject: USDA good to excellent ratings
Does anyone know if the USDA has a correlation between excellent, good average etc to expected production in bushels per acre?
Obviously they have a trend line of 176 or so. Do they suspect that acres rated good to excellent are above trendline and if so, how much further above?
I think the USDA ratings will be traded more this year than years past because so much of the crop has been planted in marginal to down right nasty conditions.
Total acres planted will be known in the next 4 weeks or so. Them it becomes a matter of trading yield potential and then actual yield. This may be one of those years where we really have to wait for the combines to roll. There will be a lot of drowned out and yellow stunted corn that wont be seen from the 65 mph windshield surveys.