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Prices & Outlook

2003 Estimated Yield and Production
Based Upon USDA Crop Report Ratings*

 Corn Yield/Ac. Soybean Yield/Ac.
U.S. Indiana US Indiana
TREND Bu.
139.7
140.0
39.7
45.7
Record Yield
138.6
156
41.4
49
Record Year
1994
2001
1994
2001
Yield 2002
130
121
37.8
41
Weekly Crop Ratings Yield Estimates
2-Jun-03
141.7
138.8
9-Jun-03
141.7
137.3
15-Jun-03
142.0
138.5
40.6
44.7
22-Jun-03
142.9
139.7
40.9
45.4
29-Jun-03
143.6
137.8
41.1
44.9
6-Jul-03
144.0
137.2
41.3
44.9
13-Jul-03
144.5
132.9
41.1
43.5
20-Jul-03
143.7
132.1
40.9
42.9
27-Jul-03
142.2
135.2
40.7
43.7
3-Aug-03
141.9
138.9
40.6
45.2
10-Aug-03
141.6
140.5
40.7
45.7
17-Aug-03
137.5
143.0
39.6
46.3
24-Aug-03
130.8
138.8
37.9
45.4
31-Aug-03
128.1

      139.6 
37.4
45.5
7-Sep-03
126.3
142.2
37.0
46.3
14-Sep-03
126.9
140.0
36.9
46.3
21-Sep-03
28-Sep-03
 
Aug. USDA
139.9
144.0
39.4
43.0
Sep. USDA
Corn Production
(Mill. Bu.) 		Bean Production
(Mill. Bu.)
US Indiana US Indiana
2-Jun-03
10,204
711
9-Jun-03
10,197
762
15-Jun-03
10,222
769
2,950
239
22-Jun-03
10,290
775
2,975
243
29-Jun-03
10,338
765
2,989
240
6-Jul-03
10,367
762
3,001
240
13-Jul-03
10,400
738
2,991
233
20-Jul-03
10,343
733
2,976
230
27-Jul-03
10,235
751
2,961
234
3-Aug-03
10,213
771
2,953
242
10-Aug-03
10,191
780
2,955
244
17-Aug-03
9,895
794
2,881
247
24-Aug-03
9,417
771
2,752
243
31-Aug-03
9,221
775
2,715
244
7-Sep-03
9,091
789
2,688
247
14-Sep-03
9,134
777
2,681
248
21-Sep-03
28-Sep-03

*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.

hurtc@.purdue.edu


 

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November 24, 2009

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