NEWS
Jerry Gulke DTN Columnist
Mon Aug 24, 2015 10:37 AM CDT

The most recent good news is turning out to be not-so-good news. The Pro Farmer Midwest Crop Tour estimated corn yields were 4.3 bushels less than the optimistic USDA's 168.8 bushels per acre and thus a total reduction in production of nearly 350 million bushels to 13.282 billion bushels. This would translate to a carryover of 1.320 bb. This assumes that USDA will not change planted/harvested acres and sees what the Pro Farmer Midwest Crop Tour saw and adopts those numbers. Of course this would be a stretch, and the market knew it was coming by Friday's tour results. Grains/oilseeds ...

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