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Prices & Outlook

2002 Estimated Yield and Production
Based Upon USDA Crop Report Ratings*

 Corn Yield/Ac. Soybean Yield/Ac.
U.S. Indiana US Indiana
TREND Bu.
138.6
143.4
39.8
46.3
Record Yield
138.6
156
41.4
49
Record Year
1994
2001
1994
2001
Yield 2001
138.2
156
38.1
49
Weekly Crop Ratings Yield Estimates
2-Jun-02
129.8
131.8
9-Jun-02
133.7
137.6
16-Jun-02
135.0
136.8
40.5
44.6
23-Jun-02
134.7
139.3
40.5
44.9
30-Jun-02
130.6
142.1
39.3
46.2
7-Jul-02
127.8
133.5
38.5
44.2
14-Jul-02
124.1
132.9
37.7
43.7
21-Jul-02
116.4
121.8
35.8
40.9
28-Jul-02
115.8
117.6
36.2
40.4
4-Aug-02
115.1
117.8
36.0
41.3
11-Aug-02
114.4
113.9
36.1
40.0
18-Aug-02
115.2
114.3
36.8
40.8
25-Aug-02
116.6
114.8
37.1
40.9
1-Sep-02
115.7
113.7
37.3
41.0
8-Sep-02
115.6
113.7
37.1
40.1
15-Sep-02
116.0
110.9
36.7
39.2
22-Sep-02
116.6
113.0
36.9
39.4
29-Sep-02
116.5
112.2
36.7
39.5
 
Aug. USDA
125.2
124.0
36.5
41.0
Sep. USDA
125.4
119.0
37.0
41.0
Corn Production
(Mill. Bu.) 		Bean Production
(Mill. Bu.)
US Indiana US Indiana
2-Jun-02
9,355
694
9-Jun-02
9,635
725
16-Jun-02
9,729
721
2,916
253
23-Jun-02
9,711
734
2,915
255
30-Jun-02
9,412
749
2,829
262
7-Jul-02
9,213
704
2,770
251
14-Jul-02
8,948
700
2,718
248
21-Jul-02
8,387
642
2,581
232
28-Jul-02
8,344
620
2,609
229
4-Aug-02
8,299
621
2,593
235
11-Aug-02
8,125
600
2,600
227
18-Aug-02
8,182
602
2,654
231
25-Aug-02
8,278
605
2,675
232
1-Sep-02
8,211
599
2,687
233
8-Sep-02
8,206
599
2,670
228
15-Sep-02
8,236
585
2,644
223
22-Sep-02
8,278
596
2,657
224
29-Sep-02
8,268
591
2,641
224

*Note: Margins of error are large. These are in the range of plus or minus 5% in June and plus or minus 4% in Aug. Errors for the final crop ratings in Sep still average about 2.5%. Thus you should not assume these estimates are correct, and thus do not take market positions based upon these numbers.

hurt@agecon.purdue.edu


 

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November 24, 2009

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